Sell Bajaj Finance with a target of Rs 1150: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Bajaj Finance Ltd. with a target price of Rs 1150. The current market price of Bajaj Finance Ltd. is Rs 1241.95. The time period given by the analyst is Intra Day when Bajaj Finance Ltd. price can reach defined target. Manas Jaiswal recommended to keep stop loss at Rs 1290.0 .

Bajaj Finance Ltd., incorporated in the year 1987, is a largcap company with a market cap of ₹ 68293.58 crore, operating in Finance sector.

Bajaj Finance Ltd. key Products/Revenue Segments include Interest which contributed ₹ 6729.95 Cr to Sales Value (92.13 % of Total Sales), Finance & Service Charges which contributed ₹ 408.65 Cr to Sales Value (5.59 % of Total Sales), Other Operating Revenue which contributed ₹ 87.83 Cr to Sales Value (1.20 % of Total Sales) and Income From Sale Of Share & Securities which contributed ₹ 77.88 Cr to Sales Value (1.06 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Standalone sales of ₹ 2460.73 Cr., down 2.63% from last quarter Sales of ₹ 2527.11 Cr. and up 35.12% from last year same quarter Sales of ₹ 1821.15 Cr. Company has reported net profit after tax of ₹ 449.15 Cr. in latest quarter.

The company’s MD is Mr.Rajeev Jain. It's Board of Directors include Mr. NanooPamnani, Mr. SanjivBajaj, Mr RajeevJain, Mr. MadhurBajaj, Mr. RajivBajaj, Mr. D.J. BalajiRao, Dr. GitaPiramal, Mr. D S Mehta, Mr. OmkarGoswami, Mr. DipakPoddar, Mr. RanjanSanghi and Mr. RajendraLakhotia. The company has its registered office at Mumbai-Pune Road,, Akurdi, Pune, 411035, Maharashtra. Company has Dalal & Shah LLP as its auditors. As on 31-03-2017, the company has a total of 549,890,090 shares outstanding.