Sharekhan's research report on Bajaj Finance
BAF unveiled a new long-range strategy for FY25-29 and is reasonably confident. AI integration would drive gains on opex and credit costs. It also identified three new megatrends – Green finance on product front, multi-cloud and zero trust on tech front– and now has 28 megatrends that it will be working on. Company aims to build leadership in personal loans, gold loans, MFI and two-wheeler loans. It is confident to deliver 20-22% RoE. Stock trades at 4.5x/3.8x/3.2x its FY2025E/FY2026E/FY2027 ABV.
Outlook
We maintain a buy rating on Bajaj Finance Ltd. (BAF) with a PT of Rs. 9,500.
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