Buy Bajaj Finance, target Rs 2800: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Bajaj Finance Ltd. with a target price of Rs 2800. The current market price of Bajaj Finance Ltd. is Rs 2746.5 Time period given by the analyst is Intra Day when Bajaj Finance Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 2720 . Bajaj Finance Ltd., incorporated in 1987, is a largecap company with a market cap of Rs 158739.02 crore.

Bajaj Finance Ltd. key Products/Revenue Segments include Interest which contributed Rs 11829.31 Crore to Sales Value (89.02 % of Total Sales), Finance & Service Charges which contributed Rs 885.43 Crore to Sales Value (6.66 % of Total Sales), Other Operating Revenue which contributed Rs 374.13 Crore to Sales Value (2.81 % of Total Sales) and Income From Sale Of Share & Securities which contributed Rs 198.90 Crore to Sales Value (1.49 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 3936.45 Crore, up 12.69 % from last quarter Sales of Rs 3493.08 Crore and up 38.96 % from last year same quarter Sales of Rs 2832.85 Crore Company has reported net profit after tax of Rs 835.89 Crore in latest quarter. 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 S R B C & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 577,968,388 shares outstanding.