Buy Bajaj Finance: target of Rs 7000: Sharekhan

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Sharekhan's research report on Bajaj Finance

Q1FY2022 results were soft with NII increasing 12% y-o-y and rising by 4% y-o-y. AUM increased 15% y-o-y to Rs. 159,057 crore. Bajaj Finance has launched its payment business and has 320,000 customers as of July 15, 2021. The company plans to garner 5 million customers by Mar 2022 that will help boost customer engagement and thereby, earnings. Asset quality deteriorated owing to the lockdown amid the second wave of COVID-19. GNPLs increased 144% y-o-y/73% q-o-q to Rs. 4,737 crore. BFL trades at 8.2x/6.8x its FY2022E/FY2023E BVPS, backed by business strength.

Outlook

We maintain a Buy rating on the stock with an unchanged price target of Rs. 7,000.

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.

Read More