Bajaj Finance may rally to Rs 1450-1475: Baliga

Written By Unknown on Sabtu, 27 April 2013 | 16.02

Bajaj Finance may rally to Rs 1450-1475, says Ambareesh Baliga, Managing Partner-Global Wealth Management at Edelweiss Financial Services.

Baliga told CNBC-TV18, "Bajaj Finance is my buy call for this week. In fact a very well diversified portfolio bouquet and they are across close to about nine business lines, have about 225 points of sale and close to about 4,000 associates."

He further added, "Looking at the way they have been able to really bring down the non-performing asset (NPA), NPA levels are extremely low, closer to about 0.3 or so at the net NPA level and looking at earnings per share (EPS) of about Rs 135 for FY14 and a book value of closer to about Rs 860, which should be achieved by FY14. I think at these levels there should be a decent upside. In fact we are looking at levels of closer to about Rs 1,450- 1,475."



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