Bajaj Finserv again looking good to go long
Bajaj Finserv Ltd. is a holding company involves in lending, insurance, and wealth advisory businesses. It operates through the following segments: Life Insurance, General Insurance, Windmill, Retail Financing, and Investments and Others. It is also the holding company for generation of Electric power through conventional and unconventional methods.
Negative aspects of the company are high PE, High promoter stock pledges and company not able to generate enough cash through operations. There were increased provisions for NPA during the recent results.
Positive aspects of the company are MFs increased stake in the company in past month, company reducing debt, FIIs increasing stake in the company and increasing revenues since last 3 quarters.
Entry can be taken after closing above 1613. Targets in the stock will be 1633 and 1663. The long-term target in the stock will be 1692 and 1724. Stop loss in the stock should be maintained at Closing below 1515 on a weekly closing.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Negative aspects of the company are high PE, High promoter stock pledges and company not able to generate enough cash through operations. There were increased provisions for NPA during the recent results.
Positive aspects of the company are MFs increased stake in the company in past month, company reducing debt, FIIs increasing stake in the company and increasing revenues since last 3 quarters.
Entry can be taken after closing above 1613. Targets in the stock will be 1633 and 1663. The long-term target in the stock will be 1692 and 1724. Stop loss in the stock should be maintained at Closing below 1515 on a weekly closing.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Happy Candles Investment
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