Add Bajaj Electricals, target price Rs 1300: ICICI Securities

Add Bajaj Electricals, target price Rs 1300: ICICI Securities
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Synopsis

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 12217.29 Crore) operating in Consumer Durables sector.

Agencies
Promoters held 62.85 per cent stake in the company as of 31-Dec-2021, while FIIs owned 11.8 per cent, DIIs 11.66 per cent.

Related

ICICI Securities has add call on Bajaj Electricals with a target price of Rs 1300. The current market price of Bajaj Electricals Ltd. is Rs 1065. Time period given by analyst is one year when Bajaj Electricals Ltd. price can reach defined target.

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 12217.29 Crore) operating in Consumer Durables sector.

Bajaj Electricals Ltd. key Products/Revenue Segments include Consumer Durables, Contract Revenue and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1337.45 Crore, up 1.08 % from last quarter Total Income of Rs 1323.19 Crore and down -12.16 % from last year same quarter Total Income of Rs 1522.57 Crore. Company reported net profit after tax of Rs 48.17 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 62.85 per cent stake in the company as of 31-Dec-2021, while FIIs owned 11.8 per cent, DIIs 11.66 per cent.
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