Buy Bajaj Finserv target of Rs 5322: Sharekhan

Sharekhan is is bullish on Bajaj Finserv has recommended buy rating on the stock with a target price of Rs 5322 in its research report dated May 22, 2020.

May 26, 2020 / 11:51 AM IST
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Sharekhan's research report on Bajaj Finserv

Bajaj Finserv posted weak Q4FY2020 results, primarily due to the lockdown (that impacted revenues) and high provisions (COVID-19 and MTM impact) that hit profitability of its subsidiaries. Lending subsidiary Bajaj Finance Ltd (BFL) reported mixed Q4FY20 numbers, with a spike in provisions (mainly due to COVID-19 related provisions and one-offs), which led to PAT lagging expectations. Despite near-term headwinds, sound fundamentals of business franchises are likely to sustain in present times as well.


We maintain our Buy recommendation on Bajaj Finserv with a revised SOTP-based price target of Rs. 5,322.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: May 26, 2020 11:51 am

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