Moneycontrol Be a Pro
Get App
Last Updated : Oct 23, 2019 02:57 PM IST | Source:

Buy Bajaj Finance target of Rs 4400: Sharekhan

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 October 22, 2019.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Bajaj Finance

Bajaj Finance (BFL) posted steady Q2FY20 with NII up by 48.3% YOY (we expected growth of 41.5% YOY) while the Net profit jumped by 63.1% YoY (we expected growth of 40.8% YOY). However, the revised credit cost guidance to ~180 BPS for FY20E (compared to 150 bps last year) is a negative. We have accordingly revised our estimates for FY20E/FY21E.


We maintain our Buy rating with a revised price target of Rs 4400.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Oct 23, 2019 02:57 pm
Follow us on
Available On