Sharekhan's research report on Bajaj Finance
Bajaj Finance Limited's (BFL) Q3FY2020E performance update (provisional) indicates strong customer acquisition but slower AUM growth due to lacklustre festival demand. We remain constructive on the company's business strengths and expect long-term growth potential of BFL to be intact. BFL is available at 5.8x its FY2021E BVPS, which we believe is reasonable.
Outlook
We maintain our Buy rating with an unchanged PT of Rs. 4,400.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
