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HomeeconomicsAdd Bajaj Electricals, target price Rs 1165: ICICI Securities : Shivpurinews.in

Add Bajaj Electricals, target price Rs 1165: ICICI Securities : Shivpurinews.in

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ICICI Securities has add call on with a target price of Rs 1165. The current market price of Bajaj Electricals Ltd. is Rs 1067.

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 12272.69 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 30-09-2021, the company reported a Consolidated Total Income of Rs 1323.19 Crore, up 52.90 % from last quarter Total Income of Rs 865.37 Crore and up 7.87 % from last year same quarter Total Income of Rs 1226.70 Crore. Company has reported net profit after tax of Rs 62.55 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 63.05 per cent stake in the company as of 30-Sep-2021, while FIIs owned 12.86 per cent, DIIs 11.06 per cent.

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