Buy Bajaj Electricals, target price Rs 1470: JM Financial

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 12242.82 Crore) operating in Consumer Durables sector.

By ETMarkets.com | Updated: Oct 12, 2023, 10.43 AM IST

Promoters held 62.85 per cent stake in the company as of 30-Jun-2023, while FIIs owned 10.92 per cent, DIIs 11.96 per cent.

JM Financial has buy call on Bajaj Electricals with a target price of Rs 1470. The current market price of Bajaj Electricals Ltd. is Rs 1064.1.

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 12242.82 Crore) operating in Consumer Durables sector.

Bajaj Electricals Ltd. key Products/Revenue Segments include Consumer Durables, Contract Revenue, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 1132.04 Crore, down -25.63 % from last quarter Total Income of Rs 1522.11 Crore and down -8.52 % from last year same quarter Total Income of Rs 1237.41 Crore. Company reported net profit after tax of Rs 37.13 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 62.85 per cent stake in the company as of 30-Jun-2023, while FIIs owned 10.92 per cent, DIIs 11.96 per cent.

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