Buy Bajaj Holdings and Investments: target of Rs 6147: Sharekhan
Sharekhan is bullish on Bajaj Holdings and Investments has recommended buy rating on the stock with a target price of Rs 6147 in its research report dated November 23, 2021.
November 24, 2021 / 09:44 AM IST
Sharekhan's research report on Bajaj Holdings and Investments
Q2FY22 results saw robust growth by BHIL’s associates – BFS and BAL. The performance of both the associate companies has improved notably during the quarter. We continue to remain positive on BFS and BAL and have retained our buy rating on the stock. BHIL will be the key beneficiary of improving business prospects and valuations of associates. BAL beats expectations in operational performance during Q2FY22, whereas BFS continues to improve life and general insurance businesses. As a result, we continue to remain positive on BHIL.
We maintain our Buy rating on Bajaj Holdings and Investments Limited (BHIL) with a revised PT of Rs. 6,147, factoring upside in valuations of its key associates, viz. Bajaj Finserv (BFS) and Bajaj Auto (BAL), and other key investments.
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