Top Stocks Today : IIFL Securities has Buy call on Bajaj Holdings & Invs - June 24

IIFL Securities has issued a buy recommendation for Bajaj Holdings & Investments, setting a target price of Rs 9100. This represents an upside potential of approximately 1.7% from the current market price of Rs 8944. The recommendation is based on the company's strong financial performance, robust business fundamentals, and growth prospects. Bajaj Holdings & Investments is a diversified financial services company with interests in insurance, investment banking, wealth management, and real estate. The company's strong track record and experienced management team make it a compelling investment opportunity for investors seeking exposure to the financial services sector.

About Bajaj Holdings & Invs:

Bajaj Holdings & Investments Limited (BHIL) is a non-banking financial company (NBFC) and a part of the Bajaj Group, a renowned Indian conglomerate. BHIL primarily invests in equities and debt securities, both in India and globally. The company also provides financial advisory services to its clients. As of March 2023, BHIL's total assets under management stood at over INR 110,000 crores. The company is listed on the National Stock Exchange (NSE) and its shares are widely traded.

52 Week Price Trend:

Bajaj Holdings & Investments Limited (BHIL) is currently trading at Rs 8944, close to its 52-week high of Rs 8990.9. The stock has witnessed a significant surge of over 55% from its 52-week low of Rs 5770. BHIL is a diversified holding company with interests in various sectors, including auto components, financial services, and real estate. The company has been delivering consistent financial performance, driven by growth in its underlying businesses. With its strong fundamentals and growth prospects, BHIL remains attractive to investors seeking long-term capital appreciation.

Stratzy's MOST Analysis:

BAJAJHLDNG has been assigned a BB rating under Stratzy's MOST framework. This rating indicates Medium Fundamental Risks. The framework considers Management, Outlook, Safety, and Trend to evaluate a stock's stability. BAJAJHLDNG's BB rating suggests that while it faces some financial risks, it may still be a viable investment opportunity.

Company's Fundamentals:

Bajaj Holdings & Investments (NSE: BAJAJHLDNG) is a diversified investment company with investments across various sectors. As of the latest available data, the company's stock has a Price-to-Earnings (PE) ratio of 16.59, indicating that the market is willing to pay 16.59 times the company's annual earnings per share. The Price-to-Book (PB) ratio of 2 suggests that the market value of the company's assets is twice its book value. Finally, the Dividend Yield of 1.4% implies that investors can expect to receive an annual dividend of 1.4% of the current stock price.

Fundamental and Technical information provided in this blog were last updated on 22 Jun, 2024

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