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.
Outlook
Against this backdrop, we upgrade BAF to ‘BUY’ (earlier Accumulate) with TP of Rs 6,840 valuing at 9.0x PABV FY23E.
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!
