03 May Bajaj Finserv stocks: Buy Bajaj Finserv, target price Rs 1650: Sharekhan by BNP Paribas
Bajaj Finserv, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 213978.83 Crore) operating in NBFC sector.
Bajaj Finserv key Products/Revenue Segments include Dividend, Interest, Power Generation, Income From Sale Of Share & Securities, Rental Income for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 23624.95 Crore, up 8.59 % from last quarter Total Income of Rs 21755.35 Crore and up 25.25 % from last year same quarter Total Income of Rs 18861.67 Crore. Company has reported net profit after tax of Rs 3333.28 Crore in latest quarter.
The company’s top management includes Mrs.Radhika Haribhakti, Mr.Sanjiv Bajaj, Mr.Madhur Bajaj, Mr.Rajiv Bajaj, Mr.D J Balaji Rao, Mr.Pramit Jhaveri, Dr.Naushad Forbes, Mr.Anami N Roy, Mr.Manish Kejriwal. Company has SRBC & Co LLP as its auditors. As on 31-03-2023, the company has a total of 159 Crore shares outstanding.
Investment Rationale
The brokerage believes strong growth in the lending business and an improving performance for both the insurance businesses will likely act as a positive trigger for strong consolidated earnings going forward.
Promoter/FII Holdings
Promoters held 60.78 per cent stake in the company as of 31-Mar-2023, while FIIs owned 6.73 per cent, DIIs 7.03 per cent.
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