Sharekhan's research report on Bajaj Holdings and Investments
The business outlook of BFS is positive, led by expected pick-up in demand during the festive season in BFS’s lending arm, Bajaj Finance Ltd. (BFL). BFS’s insurance business is witnessing strong traction, led by well-diversified product portfolio and multi-channel distribution network. Bajaj Auto Limited (BAL) is likely to do well going forward, driven by new launches and an increasing premiumization trend. We remain positive on BFS and BAL and retain our Buy rating on the stock. BHIL will be the key beneficiary of improving business prospects and valuations of its associate companies.
Outlook
We maintain Buy on Bajaj Holdings and Investments Limited (BHIL) with a revised PT of Rs.7,615, factoring upside in valuations of its key associate, Bajaj Finserv (BFS).
More Info
At 17:30 Bajaj Holdings & Investment was quoting at Rs 6,391.00, up Rs 96.40, or 1.53 percent.
It has touched an intraday high of Rs 6,596.00 and an intraday low of Rs 6,182.45.
It was trading with volumes of 7,427 shares, compared to its thirty day average of 6,509 shares, an increase of 14.10 percent.
In the previous trading session, the share closed down 5.15 percent or Rs 341.50 at Rs 6,294.60.
The share touched its 52-week high Rs 7,377.60 and 52-week low Rs 4,299.80 on 15 September, 2022 and 20 June, 2022, respectively.
Currently, it is trading 11.76 percent below its 52-week high and 51.4 percent above its 52-week low.
Market capitalisation stands at Rs 71,127.68 crore.
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