Buy Bajaj Finserv, target Rs 7,300: Jay Thakkar

Jay Thakkar of Anand Rathi has a buy call on Bajaj Finserv Ltd. with a target price of Rs 7,300. The current market price of Bajaj Finserv Ltd. is Rs 7160. Time period given by the analyst is Intra Day when Bajaj Finserv Ltd. price can reach the defined target. Jay Thakkar recommended to keep stoploss at Rs 7090. Bajaj Finserv Ltd., incorporated in 2007, has a market cap of Rs 114134.81 crore.

Bajaj Finserv Ltd. key Products/Revenue Segments include Dividend which contributed Rs 286.76 Crore to Sales Value (67.78 % of Total Sales), Interest which contributed Rs 59.31 Crore to Sales Value (14.01 % of Total Sales), Power Generation which contributed Rs 59.11 Crore to Sales Value (13.97 % of Total Sales), Renewable Energy Certificates which contributed Rs 11.99 Crore to Sales Value (2.83 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 3.83 Crore to Sales Value (0.90 % of Total Sales) and Rental Income which contributed Rs 2.05 Crore to Sales Value (0.48 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 12271.66 Crore, down -5.56 % from last quarter Sales of Rs 12994.14 Crore and up 211.18 % from last year same quarter Sales of Rs 3943.55 Crore Company has reported net profit after tax of Rs 1454.25 Crore in latest quarter. The company’s top management includes Dr.Gita Piramal, Dr.Naushad Forbes, Mr.Anami N Roy, Mr.D J Balaji Rao, Mr.Madhur Bajaj, Mr.Manish Kejriwal, Mr.Nanoo Pamnani, Mr.Rahul Bajaj, Mr.Rajiv Bajaj, Mr.Sanjiv Bajaj. Company has SRBC & Co LLP as its auditors. As on 30-06-2019, the company has a total of 159,136,111 shares outstanding.