Buy Bajaj Finserv, target Rs 4,400, says Manas Jaiswal

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Manas Jaiswal has buy call on Bajaj Finserv with a price of Rs 4,400.  The present market price of Bajaj Finserv is Rs 4227.75. Bajaj Finserv price can reach defined target in given time period. Manas Jaiswal suggested to keep loss at Rs 4,150.

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Bajaj Finserv, integrated in the year 2007, is a Large Cap corporation (having a market cap of Rs 67276.94 crore) working in Finance sector.

Bajaj Finserv key Products/Revenue Segments comprise Power Generation which added Rs 57.16 crore to Sales Value (37.14 % of Total Sales), Interest which contributed Rs 45.91 crore to Sales Value (29.83 % of Total Sales), Dividend which contributed Rs 21.60 crore to Sales Value (14.03 % of Total Sales), Income From Sale Of Share & Securities which donated Rs 16.07 crore to Sales Value (10.44 % of Total Sales) and Renewable Energy Certificates which contributed Rs 13.16 crore to Sales Value (8.55 % of Total Sales)for the year concluding 31-Mar-2017.

For the quarter concluded 31-03-2017, the corporation has accounted a Consolidated sales of Rs 2693.32 crore, depreciated 17.13% from previous quarter Sales of Rs 3249.99 crore and increased 35.78% from previous year similar quarter Sales of Rs 1983.56 crore.

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The corporation’s top administration comprises Dr.Gita Piramal, Mr.D J Balaji Rao, Mr.Madhur Bajaj, Mr.Nanoo Pamnani, Mr.Rahul Bajaj, Mr.Rajiv Bajaj, Mr.Sanjiv Bajaj. Corporation has SRBC & Co LLP as its auditors. At the end of year 31-03-2017, the corporation has a total of 159,123,233 shares outstanding.

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