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.
Outlook
We maintain our Buy rating with a revised PT of Rs. 3,400.
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