Buy Bajaj Finance target of Rs 6840: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Bajaj Finance has recommended buy rating on the stock with a target price of Rs 6840 in its research report dated July 22, 2021.
July 22, 2021 / 02:35 PM IST
Prabhudas Lilladher's research report on Bajaj Finance
Finding opportunities in adversity, Bajaj Finance (BAF) stands geared to transform from a conventional retail lender to a full-fledged financial services ecosystem. It aims to be a one-stop shop offering superior customer services across the value chain encompassing digital lifestyle stores & credit, digital payments, health, insurance and wealth marketplaces by integrating offline as well as online platforms. We believe BAF’s robust framework would 1) accelerate its customer franchise to ~88mn (FY24) 2) enable harnessing existing customer potential backed by newly launched marketplaces/ payments apps and 3) exercise leaner cost structures.
Against this backdrop, we upgrade BAF to ‘BUY’ (earlier Accumulate) with TP of Rs 6,840 valuing at 9.0x PABV FY23E.
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