On January 12, 2024, Bajel Projects share price witnessed a substantial 8.5% surge in response to a ₹487.64 Cr order from TATA Power. The stock reached a day high of ₹157.4 and a day low of ₹148.5, ultimately closing at ₹153.65—representing a noteworthy 6% increase compared to the previous day’s closing price of ₹144.8 on January 11.
Following its demerger from the parent company, Bajaj Electricals, on December 19, 2023, the stock experienced eight consecutive trading sessions on a lower circuit. However, a significant reversal occurred. From its all-time low of ₹108.1 on January 3, 2024, to an impressive ₹153.65 on January 12, 2024, Bajel Projects demonstrated a remarkable gain of almost 42% within just six trading sessions.
In this article, we delve into a comprehensive analysis of Bajel Projects Ltd share price targets for the years 2024, 2025, 2026, 2027, 2030, 2040, and 2050. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.
Table of Contents
About
Bajaj Projects was demerged from Bajaj Electrical and made into a seprate company. Listing on NSE and BSE on 19 Dec 2023.
Bajel Project, a fully-owned subsidiary of Bajaj Electricals Limited (BEL), was established on January 19, 2022, and operates within the power sector. The company is actively involved in four key business areas: Power Transmission, Power Distribution, Monopoles, and International EPC. With a business history spanning over two decades, Bajel Project specializes in power transmission, extra high voltage projects, substations, and monopole projects. Bajel Projects has various national and international clients.
| Founded | 19 January 2022 |
| Owner | Bajaj Electricals Limited (BEL) |
| Chairman & Non-executive Director | Mr. Shekhar Bajaj |
| Sector | Power |
| Headquarters | Mumbai |
| Official website | bajelprojects.com |
Financial Details
| Market Cap | ₹ 1,768 Cr. | Stock P/E | Not Available |
| ROCE | Not Available | ROE | Not Available |
| Debt to equity | 0.01 | Debt | ₹ 3.98 Cr. |
| FII Holding | 10.5 % | DII Holding | 12.0 % |
| EPS | Not Available | Sales growth | Not Available |
Financial Statement
In terms of financial performance, comparing the figures across different quarters reveals distinctive trends. As of September 2023, the net sales amounted to 199.95, showing a slight decrease from the June 2023 figure of 205.02. However, a substantial improvement is observed when compared to September 2022, where the net sales stood at 66.94.
Conversely, the expenses incurred during September 2023 amounted to 203.96, surpassing both the June 2023 and September 2022 expenses of 207.57 and 72.18, respectively.
Consequently, the Profit After Tax reflects a deficit, recording -4.44 in September 2023, -1.70 in June 2023, and a positive 3.14 in September 2022. These financial indicators suggest a nuanced picture, underscoring the need for a comprehensive analysis of the company’s financial dynamics.
| Particulars | Sep 2023 | Jun 2023 | Sep 2022 |
|---|---|---|---|
| Net Sales | 199.95 | 205.02 | 66.94 |
| Expenses | 203.96 | 207.57 | 72.18 |
| Profit After Tax | -4.44 | -1.70 | 3.14 |
Table of Bajel Projects Share Price Target
Current Price of Bajel Projects as on January 12, 2024, is ₹153.65 per share.
| Year | Min Target | Max Target |
|---|---|---|
| 2024 | ₹204 | ₹214 |
| 2025 | ₹308 | ₹335 |
| 2026 | ₹380 | ₹405 |
| 2027 | ₹512 | ₹523 |
| 2030 | ₹1232 | ₹1319 |
| 2040 | ₹4823 | ₹5212 |
| 2050 | ₹16505 | ₹20322 |
Bajel Projects share price target for 2024:
- Minimum Target: ₹204
- Maximum Target: ₹214
- Current Price (as of January 12, 2024): ₹153.65
In the upcoming year, the company is anticipated to maintain a price range between ₹204 and ₹214, with the current market price standing at ₹ 153.65.
Bajel Projects share price target for 2025:
- Minimum Target: ₹308
- Maximum Target: ₹335
Moving into 2025, the projected price range widens, reaching between ₹308 and ₹335.
Bajel Projects share price target for 2026:
- Minimum Target: ₹380
- Maximum Target: ₹405
Further into the future, specifically in 2026, the anticipated price range expands to ₹380 to ₹405.
Bajel Projects share price target for 2027:
- Minimum Target: ₹512
- Maximum Target: ₹523
By 2027, the company’s share price is expected to aim for a range of ₹512 to ₹523.
Bajel Projects share price target for 2030:
- Minimum Target: ₹1232
- Maximum Target: ₹1319
Looking ahead to 2030, the minimum and maximum targets extend to ₹1232 and ₹1319, respectively.
Bajel Projects share price target for 2040:
- Minimum Target: ₹4823
- Maximum Target: ₹5212
In the long term, by 2040, the company is anticipated to potentially reach a price range between ₹4823 and ₹5212.
Bajel Projects share price target for 2050:
- Minimum Target: ₹16505
- Maximum Target: ₹20300
Projected into 2050, the minimum and maximum targets suggest a potential price range of ₹16505 to ₹20300.
Positive and Negative Points of Bajel Projects Ltd
There is not enough data available on the Bajel Projects Ltd. But recently it has got an order from Tata Power which as a good point towards company growth.
Disclaimer
Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.
FAQs
What are the minimum and maximum share price targets for Bajel Projects in 2024?
The minimum target for 2024 is ₹204, while the maximum target stands at ₹214.
What is the projected share price range for Bajel Projects in 2025?
The minimum target for 2025 is ₹308, and the maximum target is ₹335.
What are the anticipated share price targets for Bajel Projects in 2026?
Bajel Projects is expected to achieve a minimum target of ₹380 and a maximum target of ₹405 in 2026.
What are the forecasted share price targets for Bajel Projects in 2027?
In 2027, the minimum target is ₹512, and the maximum target is ₹523.
What is the long-term outlook for Bajel Projects’ share price in 2030?
The minimum target for 2030 is ₹1232, and the maximum target is ₹1319.
