Time period given by analyst is Intra Day when Bajaj Finance Ltd. price can reach defined target.
Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 449092.30 Crore) operating in NBFC sector.
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.
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.
Investment Rationale
Breakout of the Inverse Head and Shoulder chart pattern suggesting bullish momentum in near term.
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.
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