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
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..
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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