Bajaj Finance share price: Sell Bajaj Finance, target price Rs 5500: IIFL
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Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 351572.76 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 31-03-2022, the company reported a Consolidated Total Income of Rs 8630.28 Crore, up 1.12 % from last quarter Total Income of Rs 8535.06 Crore and up 25.90 % from last year same quarter Total Income of Rs 6854.94 Crore. Company reported net profit after tax of Rs 2419.51 Crore in latest quarter.
Investment Rationale
The stock has broken the previous swing low.
Promoter/FII Holdings
Promoters held 55.86 per cent stake in the company as of 31-Mar-2022, while FIIs owned 22.75 per cent, DIIs 9.89 per cent.
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