Jun 08, 2017 07:03 PM IST | Source:

Buy Bajaj Finance; target of Rs 1550: Motilal Oswal

Motilal Oswal is bullish on Bajaj Finance has recommended buy rating on the stock with a target price of Rs 1550 in its research report dated May 17, 2017.

  • bselive
  • nselive
Todays L/H

Motilal Oswal's research report on Bajaj Finance

Bajaj Finance’s (BAF) 4QFY17 PAT increased 43% YoY to INR 4.5b (in-line). PPoP grew 52% YoY (9% beat), driven by robust AUM growth of 36% YoY and better-than-expected margin performance (11.4%, +130bp YoY). Higher provisions of INR 2.9b (incl. INR 700m additional provisions on account of demon and non-recurring provisions) led to in-line PAT.


At the same time, it is proactive in detecting early warning signals with regard to asset quality. The stock trades at 6.1x/4.9x FY18E/19E BV. We raise FY18E/19E EPS by 1/2%, and increase TP to INR 1,550 (5.7x FY19E BVPS). Buy.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Follow us on
Available On