Buy Bajaj Electricals, target price Rs 1325: ICICI Securities

ICICI Securities has buy call on Bajaj Electricals with a target price of Rs 1325. The current market price of Bajaj Electricals Ltd. is Rs 1049.65. Time period given by analyst is one year when Bajaj Electricals Ltd. price can reach defined target.

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 12026.92 Crore) operating in Consumer Durables sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1289.20 Crore, down -15.33 % from last quarter Total Income of Rs 1522.57 Crore and down -2.15 % from last year same quarter Total Income of Rs 1317.57 Crore. Company reported net profit after tax of Rs 54.26 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 63.17 per cent stake in the company as of March 31, 2020, while FIIs held 7.96 per cent, DIIs 12.46 per cent and public & others 16.41 per cent.