Buy Bajaj Finance. target Rs 1,740: Sharekhan

Sharekhan has buy call on Bajaj Finance with a target price of Rs 1,740.

The current market price of Bajaj Finance is Rs 1,543.

Time period given by analyst is a quarter when Bajaj Finance price can reach defined target.

Bajaj Finance, incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 84848.04 crore) operating in Finance sector.

Bajaj Finance key Products/Revenue Segments include Interest which contributed Rs 9000.81 crore to Sales Value (90.21 % of Total Sales), Finance & Service Charges which contributed Rs 565.64 crore to Sales Value (5.66 % of Total Sales) and Other Operating Revenue which contributed Rs 410.91 crore to Sales Value (4.11 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 3150.47 crore, up 28.03% from last quarter Sales of Rs 2460.73 crore and up 45.46% from last year same quarter Sales of Rs 2165.91 crore.

The company’s top management includes Mr.D J Balaji Rao, Mr.D S Mehta, Mr.Dipak Poddar, Mr.Madhur Bajaj, Mr.Nanoo Pamnani, Mr.Omkar Goswami, Mr.Rahul Bajaj, Mr.Rajeev Jain, Mr.Rajendra Lakhotia, Mr.Rajiv Bajaj, Mr.Ranjan Sanghi, Mr.Sanjiv Bajaj, Ms.Gita Piramal. Company has Dalal & Shah LLP as its auditors. As on 30-06-2017, the company has a total of 549,890,090 shares outstanding.