Sharekhan's research report on Bajaj Finserv
The lending business (BAF) is consistently outpacing industry growth, while maintaining impressive profitability metrics. The general insurance business (BAGIC) is also demonstrating healthy profitable growth amid intense competition, while the life Insurance business (BALIC) is navigating through current regulatory changes with some near-term impact on profitability. We believe the group is well positioned to capture the structural growth story across the financial landscape (lending, investing, and protecting) in India over the medium to long term.
Outlook
We maintain a Buy rating on Bajaj Finserv, with a revised SOTP-based PT of Rs. 2,350 factoring the upside in valuations of its key subsidiaries.
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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
