Buy Bajaj Electricals, target price Rs 1470: JM Financial
Bajaj Electricals with a target price of Rs 1470. The current market price of Bajaj Electricals Ltd.
is Rs 1064.1.
Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 12242.82 Crore) operating in Consumer Durables sector.
Bajaj Electricals Ltd.
key Products/Revenue Segments include Consumer Durables, Contract Revenue, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.
Financials For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 1132.04 Crore, down -25.63 % from last quarter Total Income of Rs 1522.11 Crore and down -8.52 % from last year same quarter Total Income of Rs 1237.41 Crore.
Company reported net profit after tax of Rs 37.13 Crore in latest quarter.
Promoter/FII Holdings Promoters held 62.85 per cent stake in the company as of 30-Jun-2023, while FIIs owned 10.92 per cent, DIIs 11.96 per cent.
