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Buy Bajaj Finance; target of Rs 6000: Sharekhan

Sharekhan is bullish on Bajaj Finance has recommended buy rating on the stock with a target price of Rs 6000 in its research report dated January 20, 2021.

February 01, 2021 / 06:41 PM IST
 
 
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Sharekhan's research report on Bajaj Finance


Bajaj Finance Limited’s (BFL) Q3FY2021 results were mixed; operational numbers came largely in line with estimates. Asset quality improved on a q-o-q basis but continued elevated provisions (for Stage 1 and 2 loans) were dampeners. Management commentary on growth and asset-quality outlook are now more sure-footed; business transformation is encouraging for the long term..


Outlook


We maintain our Buy rating on the stock with a revised price target (PT) of Rs. 6,000.


For all recommendations report, click here


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first published: Feb 1, 2021 06:41 pm

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