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Last Updated : Apr 24, 2019 03:26 PM IST | Source: Moneycontrol.com

Buy Bajaj Holdings and Investment; target of Rs 3924: Sharekhan

Sharekhan is bullish on Bajaj Holdings and Investment has recommended buy rating on the stock with a target price of Rs 3924 in its research report dated dated April 23, 2019.

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Sharekhan's research report on Bajaj Holdings and Investment


Associate company Bajaj Auto’s topline to grow in double digits while elevated cost pressures to result in a slower earnings growth. PT revised to Rs 3,100 as we roll over to FY2021 with an unchanged Hold recommendation. Associate company Bajaj Finserv is an attractive play on our long-term structural theme of financialisation of savings in the economy.


Outlook


We retain our Buy rating on Bajaj Holdings & Investment with a revised PT of Rs.3,924.


For all recommendations report, click here


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First Published on Apr 24, 2019 03:26 pm
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