Buy Bajaj Finserv, target price Rs 13370: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Bajaj Finserv with a target price of Rs 13370. The current market price of is Rs 12851.65. Time period given by analyst is Intra Day when Bajaj Finserv Ltd. price can reach defined target.

Bajaj Finserv Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 204567.21 Crore) operating in NBFC sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 15387.25 Crore, down -3.59 % from last quarter Total Income of Rs 15960.72 Crore and up 15.74 % from last year same quarter Total Income of Rs 13294.25 Crore. Company reported net profit after tax of Rs 1744.86 Crore in latest quarter.

Investment Rationale
Stock saw consolidation breakout on daily frame with rising volumes, surpassed its previous hurdles

Promoter/FII Holdings
Promoters held 60.8 per cent stake in the company as of June 30, 2020, while FIIs held 8 per cent, DIIs 6.3 per cent and public and others 24.9 per cent.