Sharekhan is bullish on Bajaj Finance has recommended buy rating on the stock with a target price of Rs 3400 in its research report dated April 15, 2019.
Sharekhan's research report on Bajaj Finance
The NBFC segment is undergoing a possible shift in market approach, giving more importance to ratings and quality of borrower rather than merely chasing yields. Bajaj Finance Limited (BAF) has a high ratings profile and also its growth outlook is strong. BAF is likely to have ample availability of growth capital which will help it sustain its valuations.
We maintain our Buy rating with a revised PT of Rs. 3,400.
For all recommendations report, click here
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