Buy Bajaj Holdings and Investments; target of Rs 6406: Sharekhan
Sharekhan is bullish on Bajaj Holdings and Investments has recommended buy rating on the stock with a target price of Rs 6406 in its research report dated August 03, 2022.
Sharekhan's research report on Bajaj Holdings and Investments
Bajaj Finserv (BFS) and Bajaj Auto (BAL), and other key investments. In Q1FY23, BHIL’s key associate firms – Bajaj Finserv (BFS) and Bajaj Auto Ltd (BAL) – clocked strong growth, with key performance parameters improving. We remain positive on BFS and BAL and retain our buy rating on the stocks. BHIL will be the key beneficiary of improving business prospects and valuations of associates. BAL beats expectations in operational performance during Q1FY23, whereas BFS continued to see improvement in its life and general insurance businesses. As a result, we remain positive on BHIL.
Outlook
We maintain a Buy on Bajaj Holdings and Investments Limited (BHIL) with a revised PT of Rs.6,406, factoring upside in valuations of its key associates, viz.
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Bajaj Holdings & Investments - 040822 - khan
