Neutral on Bajaj Finance, target price Rs 7800: Motilal Oswal

Motilal Oswal has neutral call on Bajaj Finance Ltd. with a target price of Rs 7800. The current market price of Bajaj Finance Ltd. is Rs 7293.9.

Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 453581.93 Crore) operating in NBFC sector.

Bajaj Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Other Operating Revenue, Income From Sale Of Share & Securities and Service Charges for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 14931.98 Crore, up 5.41 % from last quarter Total Income of Rs 14165.98 Crore and up 31.41 % from last year same quarter Total Income of Rs 11363.14 Crore. Company reported net profit after tax of Rs 3821.52 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 54.69 per cent stake in the company as of 31-Mar-2024, while FIIs owned 17.14 per cent, DIIs 14.33 per cent.