Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
6244.00
Change Change %
58.35 0.94%

Updated:26 Sep, 2018, 09:39 AM IST

BSE
6230.00
Change Change %
34.25 0.55%

Updated:26 Sep, 2018, 09:43 AM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nomura
N/A
20-07-2017 Buy 4650.10 4800.00
N/A
Target Hit Long (1Y)
20-07-2018

Nomura retains neutral on Bajaj Finserv 4800

All businesses of Bajaj Finserv reported strong 1QFY18 numbers, with a beat in the lending book ( 40% y/y PAT growth) and general insurance business (gross premium growth of 29% y/y), and life business also recovering from a low base (with individual weighted premium growth of 120% y/y). The group continues to build its dominance and profitability in the lending and general businesses, and its life business is also recovering from a low base. We are positive on Bajaj Finserv from a long-term prospective and our Neutral rating is more valuation-driven. We raise our TP to INR4,800 from INR4,300 as we roll over to Sep-19F.

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