IIFL Securities Stock Idea: Buy Bajaj Holdings & Invs with Target Rs 9500

IIFL Securities recommends buying Bajaj Holdings & Investments at the current market price of Rs 9142.9. The target price for the stock is Rs 9500, indicating a potential upside of around 4%. The recommendation is based on the company's strong fundamentals, including its diversified portfolio of investments and its ability to generate consistent returns. The company has a track record of paying regular dividends, which makes it attractive to dividend-seeking investors.

About Bajaj Holdings & Invs:

Bajaj Holdings & Investments Limited (BHIL) is a non-banking financial company (NBFC) listed on the National Stock Exchange (NSE) of India. It is a part of the Bajaj Group, a renowned Indian multinational conglomerate. BHIL primarily focuses on providing financial services, including investment banking, wealth management, real estate investment, and advisory services. The company also holds significant investments in various sectors, including consumer durables, automotive, and insurance. BHIL's objective is to drive growth and value creation through strategic investments and financial services.

52 Week Price Trend:

Bajaj Holdings & Investments (BAJAJHLDNG) is currently trading at Rs 9142.9, indicating a significant appreciation since its 52-week low of Rs 5770. However, the stock is still marginally below its 52-week high of Rs 8990.9. This suggests that despite a strong rally in recent months, there is potential for further upside in the stock. Investors may consider monitoring the company's fundamentals and market sentiment to determine the optimal entry point for a potential investment.

Stratzy's MOST Analysis:

BAJAJHLDNG has been rated BBB by Stratzy's MOST framework, indicating medium fundamental risks. This rating is based on an analysis of the company's management, outlook, safety, and trend. The company's management is considered strong and experienced, and the outlook for the company is positive. The company's financial position is considered safe, and the stock price has been trending positively. Overall, BAJAJHLDNG is considered to be a low-risk investment.

Company's Fundamentals:

Bajaj Holdings & Investments Ltd. (NSE: BAJAJHLDNG) is a diversified investment firm. Its stock is currently trading at a price-to-earnings (PE) ratio of 16.59. The price-to-book (PB) ratio, which measures the market value of a stock relative to its book value, is 2. The stock's dividend yield, which represents the annual dividend per share as a percentage of the current stock price, is 1.4%. These metrics can provide investors with insights into the company's valuation, financial health, and income potential.

Fundamental and Technical information provided in this blog were last updated on 03 Jul, 2024

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