Accumulate Bajaj Finance; target of Rs 1202: KR Choksey
KR Choksey has recommended accumulate rating on Bajaj Finance with a target price of Rs 1202 in its research report dated February 02, 2017.
The AUM growth was driven by staggering traction in 2W and 3W finance (36% Y-o-Y), Consumer durable finance (22% Y-o-Y). Firm business momentum underpinned by emboldened customer franchise (increased 25% Y-o-Y) coupled with structurally strong RoE profile and controlled asset quality continue to justify premium valuations, we maintain ACCUMULATE rating on the stock.
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.