Buy Bajaj Finance, target Rs 1965: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Bajaj Finance Ltd. with a target price of Rs 1965. The current market price of Bajaj Finance Ltd. is Rs 1918.65. Time period given by the analyst is Intra Day when Bajaj Finance Ltd. price can reach the defined target. Kunal Bothra recommended to keep stop loss at Rs 1910.

Bajaj Finance Ltd., incorporated in 1987, is a large-cap finance company with a market cap of Rs 110891.90 crore. Bajaj Finance Ltd. 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), Other Operating Revenue which contributed Rs 248.72 Crore to Sales Value (2.49 % of Total Sales) and Income From Sale Of Share & Securities which contributed Rs 162.19 Crore to Sales Value (1.62 % of Total Sales)for the year ending 31-Mar-2017.

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 31-03-2018, the company has a total of 577,968,388 shares outstanding.