Buy Bajaj Finance, target price Rs 8650: HDFC Securities
Bajaj Finance with a target price of Rs 8650. The current market price of Bajaj Finance Ltd.
is Rs 7750.2.
Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 475819.06 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 30-09-2023, the company reported a Consolidated Total Income of Rs 13381.75 Crore, up 7.05 % from last quarter Total Income of Rs 12500.54 Crore and up 34.18 % from last year same quarter Total Income of Rs 9972.63 Crore.
Company reported net profit after tax of Rs 3550.65 Crore in latest quarter.
Promoter/FII Holdings Promoters held 55.87 per cent stake in the company as of 30-Sep-2023, while FIIs owned 17.01 per cent, DIIs 13.05 per cent.
