Time period given by analyst is one year when Bajaj Electricals Ltd. price can reach defined target.
Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 13653.42 Crore) operating in Consumer Durables sector.
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 865.37 Crore, down -32.88 % from last quarter Total Income of Rs 1289.20 Crore and up 40.63 % from last year same quarter Total Income of Rs 615.34 Crore. Company reported net profit after tax of Rs -24.97 Crore in latest quarter.
The stock after the last four months corrective decline is seen rebounding taking support at the lower band of the rising channel in place since April 2020 and the rising 20 weeks EMA (currently at Rs 1060) thus offers fresh entry opportunity. It is likely to continue its current up move and head towards its recent all time high of Rs 1225 in the coming weeks
Promoters held 63.17 per cent stake in the company as of March 31, 2020, while FIIs held 7.96 per cent, DIIs 12.46 per cent and public & others 16.41 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.Most Related Links :
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