Moneycontrol
Last Updated : May 25, 2020 09:49 PM IST | Source: Moneycontrol.com

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.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

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.


Outlook


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 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.

First Published on May 25, 2020 09:49 pm
Sections