Bajaj Consumer Care Ltd - Buy recommendation by stock market trends

 

Bajaj Conusmer Care Ltd ( BSE : 533229, NSE : BAJAJCON ) is a company engaged in business related to cosmetics, toiletories and other personal care products. Company has its footprint on both domestic and international markets.The company has a market capital of 2648 crores.

The company is almost debt free and provide a good dividend yield of 5.57%. The company has been maintaining a healthy dividend payout of 57.59%. The P/E ratio of the stock is 13.9.

Stock can be bought at an entry level of 179 by keeping a stop loss at 150. The stock price has been declining from 300 and took a major support at 150 , making a trend reversal. The trend reversal took with a high volume. The first target can be set at 220 with a final target of 300. A profit of minimum 22% can be gained within a period of 4-6 weeks. 

A long term bullish trend is expected as per the technical analysis of the scrip. Hence the stock can even be considered for a long term investment. The intrinsic value of the stock is 184 and it is trading at a rate of 179. A value stock for investment.

If this content seems interesting to you , stay tuned for more updates from this space and also watch my previous article on stock market trends. Give your suggestions on comment section.

 

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