BAJAJ FINANCE share price: Buy Bajaj Finance, target price Rs 8000: IIFL

BAJAJ FINANCE share price: Buy Bajaj Finance, target price Rs 8000: IIFL

Bajaj Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Sale Of Share & Securities, Other Operating Revenue and Service Charges for the year ending 31-Mar-2021.

Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 463005.15 Crore) operating in NBFC sector.

Highlights

  • Investment RationaleStock has given a double bottom pattern breakout.

  • Financials
    For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 7732.06 Crore, up 14.67 % from last quarter Total Income of Rs 6743.01 Crore and up 18.53 % from last year same quarter Total Income of Rs 6523.29 Crore. Company reported net profit after tax of Rs 1480.99 Crore in latest quarter.

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Promoter/FII Holdings Promoters held 56.03 per cent stake in the company as of 30-Sep-2021, while FIIs owned 24.64 per cent, DIIs 8.73 per cent.