Buy Bajaj Holdings and Investment; target of Rs 3924: Sharekhan
Sharekhan’s research report on Bajaj Holdings and Investment
Associate company Bajaj Auto’s topline to grow in double digits while elevated cost pressures to result in a slower earnings growth. PT revised to Rs 3,100 as we roll over to FY2021 with an unchanged Hold recommendation. Associate company Bajaj Finserv is an attractive play on our long-term structural theme of financialisation of savings in the economy.
We retain our Buy rating on Bajaj Holdings & Investment with a revised PT of Rs.3,924.
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