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Last Updated : Jun 14, 2019 01:56 PM IST | Source: Moneycontrol.com

Buy Bajaj Holdings and Investment; target of Rs 4548: Sharekhan

Sharekhan is bullish on Bajaj Holdings and Investment has recommended buy rating on the stock with a target price of Rs 4548 in its research report dated June 13, 2019.

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Sharekhan's research report on Bajaj Holdings and Investment


BHIL reports healthy earnings growth for Q4FY2019 on back of double – digit earnings growth by both the associate companies. Stock price of associate company Bajaj Finserv (contributes about 55% of valuation of BHIL) has moved up sharply 20% in past three months. BHIL has marginally increased stake in another associate company Bajaj Auto from 31.54% to 33.43% which would further boost valuations of BHIL.


Outlook


We retain Buy recommendation on Bajaj Holdings & Investments (BHIL) with an upgraded PT of Rs 4,548 (earlier PT of Rs 3,924).


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.




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First Published on Jun 14, 2019 01:56 pm
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