Buy Bajaj Electricals Ltd. target Rs 475.0 : Kotak Securities Limited

Kotak Securities Limited has buy call on Bajaj Electricals Ltd. with a target price of Rs 475.0 . The current market price of Bajaj Electricals Ltd. is Rs 469.2 Time period given by analyst is Intra Day when Bajaj Electricals Ltd. price can reach defined target. Kotak Securities Limited recommended to keep stoploss at Rs 440
Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 4549.86 Crore) operating in Consumer Durables sector.

Bajaj Electricals Ltd. key Products/Revenue Segments include Consumer Durables which contributed Rs 2314.21 Crore to Sales Value (53.84 % of Total Sales), Engineering & Projects which contributed Rs 1983.33 Crore to Sales Value (46.14 % of Total Sales), Income from EPC,Contracts,& Others which contributed Rs 1983.33 Crore to Sales Value (46.14 % of Total Sales), Others which contributed Rs .72 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-09-2017, the company has reported a Standalone sales of Rs 932.02 Crore, down -8.41 % from last quarter Sales of Rs 1017.64 Crore and down -6.00 % from last year same quarter Sales of Rs 991.56 Crore Company has reported net profit after tax of Rs 18.98 Crore in latest quarter. The company’s top management includes Dr.R P Singh, Dr.(Mrs.)Indu Shahani, Mr.Anant Bajaj, Mr.Anuj Poddar, Mr.Ashok Jalan, Mr.Harsh Vardhan Goenka, Mr.Madhur Bajaj, Mr.Shekhar Bajaj, Mr.Siddharth Mehta. Company has Dalal & Shah LLP as its auditoRs As on 30-09-2017, the company has a total of 101,525,351 shares outstanding.