Finance
Conglomerate Backed NBFC
from 1,057 today
Hollow marker shows the firm’s previous target.
Bajaj Finance is well-positioned to sustain robust growth supported by a diversified product portfolio, strong customer acquisition, and disciplined risk management. Asset quality continues to strengthen with credit costs gradually improving, supporting strong earnings growth.
Bajaj Finance reported a strong 1QFY27 with PAT beating estimates by 6% and healthy AUM growth of 24% YoY, supported by robust loan originations and improving asset quality. The brokerage maintains a BUY rating with a revised target price of INR 1,240.
Bajaj Finance's 1QFY27 PAT grew 28% YoY to ~INR60.8b, driven by broad-based loan growth, resilient margins, improving asset quality, and declining credit costs. We upgrade our rating on BAF to BUY with a TP of INR1,300, modeling a PAT CAGR of ~30% over FY26-FY28E.
We maintain our BUY recommendation on the stock with a revised target price of Rs 1,250/share, supported by its unparalleled retail franchise, diversified growth drivers, best-in-class risk management, strong capital position and proven ability to consistently deliver superior RoA/RoE.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
