NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Driven by strong, 34% YoY, assets under management growth, Bajaj Finance Ltd.’s Q4 FY24 net profit rose 21% YoY to Rs 38.2 billion (as expected).
Despite pricey valuations, we retain a Buy on best-in-class execution skills, robust customer franchisees and strong tech architecture.
At our 12-month unchanged target price of Rs 8,630 the stock would trade at 4.7 times FY26e book and 24 times FY26e earnings per share.
Risks: Key-man risk, regulatory changes.
Click on the attachment to read the full report:
Also Read: Bajaj Finance Q4 Results Review - Inline, Strong RoA Delivery To Continue: Axis Securities
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
Ajanta Pharma Q4 Results Review - Higher Opex Leads To Ebitda/Profit After Tax Miss: Motilal Oswal
May 03, 2024
Coal India Q4 Review- Ebitda Miss On Higher Cost, But Reversal In OBR Accounting Policy Boosts PAT: Systematix
May 03, 2024
RBL Bank Q4 Results Results - Improved Opex Offset By Higher Credit Costs: Dolat Capital
Apr 29, 2024
Bajaj Finance Slips After FY25 Earnings Estimate Cut On Margin Impact, High Costs
Apr 26, 2024
POPULAR