Stock Recommendations- Bajaj Finance & Ind Swift Laboratories

Bajaj Finance

Bajaj is a reputed brand in the minds of Indian people. Bajaj Finance is a Bajaj Group Company involved in the finance sector. Company is giving loans for Bajaj vehicles. Company is also giving personal loans and loans against property. Company reported a sales turnover of near Rs 490 Cr in the second quarter FY 2012. Its sales turn over in the second quarter FY 2011 was near Rs 320 Cr. A smart 50% growth can be seen in the sales turn over. Company reported a net profit of near Rs 87 Cr in the second quarter FY 2012. Its net profit in the second quarter FY 2011 was near Rs 58 Cr. 50% increase can be seen in the net profit.

Market cap of the company is near Rs 3000 Cr. Book value is Rs 370.77. Price/book ratio is 2.16. P/E stands at 7. It is clearly below the industry P/E of 6. Company reported annual sales of near Rs 1400 Cr in the FY 2011. Stock price created a 52 week high of Rs 813 on February 2012. 52 week low by the stock is Rs 536. The stock price is trading in the levels of Rs 800. The stock price can touch Rs 1000 in near term. Long term target is Rs 1250/

Ind Swift Laboratories

Company is a manufacturer of API. Company has six different manufacturing locations in India. Company has been becoming a reliable partner in the global pharmaceutical industry. Company reported a sales turnover of near Rs 350 Cr in the second quarter FY 2012. Its sales turn over in the second quarter FY 2011 was near Rs 210 Cr. About 70% increase can be seen in the sales turn over. Company reported a net profit of near Rs 22 Cr in the second quarter FY 2012. Its net profit in the second quarter FY 2011 was near Rs 21 Cr.

Market cap of the company is near Rs 450 Cr. Book value is 128.36. Price /book ratio is 0.94. P/E stands at 5. It is clearly below the industry P/E of 10. Company reported annual sales of near Rs 1000 Cr in the FY 2011. The stock price is trading below its annual sales. The stock price created a 52 week high of Rs 125.80 on 6 February 2012. The stock price also created a 52 week low of Rs 74 on 22 August 2011. The stock price is trading in the levels of Rs 120. It is a clever buying opportunity for long term investors. Long term target is Rs 170/

Stocks Recommended by San Joseph

One Response to Stock Recommendations- Bajaj Finance & Ind Swift Laboratories

  1. San Joseph(Author) says:

    Bajaj Finance, target achieved

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