Sharekhan is bullish on Bajaj Finance has recommended buy rating on the stock with a target price of Rs 4400 in its research report dated January 06, 2020.
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.
We maintain our Buy rating with an unchanged PT of Rs. 4,400.
For all recommendations report, click here
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