Bajaj Finance completed its long-range strategy (LRS) 2025-29 meet last week and released an investor presentation. Its targets are lofty; however, with impeccable execution skills, we believe the same are achievable. We retain a Buy rating on the company’s best-in-class execution skills, robust customers and strong tech architecture. The correction in the stock price offers an attractive entry point. At our TP, the stock would trade at 4.4x FY26e and 3.6x FY27e consolidated BV.
OutlookAt the CMP, the stock trades at 3.9x/3.2x FY26e/27e BV. At our TP, the stock would trade at 4.4x FY26e consolidated BV. It has traded at higher valuations in the past.
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