HomeNewsBusinessStocksStay invested in Bajaj Finance, says Pankaj Jain

Stay invested in Bajaj Finance, says Pankaj Jain

According to Pankaj Jain of SW Capital, one may stay invested in Bajaj Finance.

December 02, 2015 / 15:36 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Pankaj Jain of SW Capital told CNBC-TV18, "Bajaj Finance still has potential to multiple from current levels if one has two-five year perspective and the kind of strong results the company came out with Q2, splendid results, across the board growth in consumer segment, rural segment, retail segment and asset quality is very stable, very professional impeccable kind of management and if we see the reports across the board from various brokerage houses, it is a buy all-round.""So taking all these factors into consideration, there is no compelling or small reason to book profits in this stock and come out of this stock and taking money somewhere else. So continue with the stock, ride on the stock, have another one-three year kind of view and I am very sure you could see levels much higher than the current levels and we expect growth closer to 25-30 percent on a compounding basis in this stock for next two-three years. So stay with the stock, no hurry to book the profits," he added.

first published: Dec 2, 2015 03:36 pm

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!