Consumer Durables News

Bajaj Electricals stocks: Buy Bajaj Electricals, target price Rs 1290: ICICI Direct


ICICI Direct has buy call on Bajaj Electricals with a target price of Rs 1290. The current market price of is Rs 1253.1. Time period given by analyst is 2 weeks when . price can reach defined target.

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 13874.73 Crore) operating in Consumer Durables sector.

Bajaj Electricals Ltd. key Products/Revenue Segments include Consumer Durables, Contract Revenue, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1237.41 Crore, down -8.70 % from last quarter Total Income of Rs 1355.34 Crore and up 42.99 % from last year same quarter Total Income of Rs 865.37 Crore. Company reported net profit after tax of Rs 41.19 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 62.96 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.51 per cent, DIIs 12.41 per cent.

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