Sharekhan is bullish on Bajaj Finance has recommended buy rating on the stock with a target price of Rs 8800 in its research report dated September 25, 2023.
Analyst remain bullish as the board meets on October 5 to take a decision on the fundraising plan. The NBFC is likely to take the QIP or/and preferential issue route, with four investment banks shortlisted for the purpose
On August 5, Moneycontrol was the first to report that another NBFC, Murugappa Group-backed Cholamandalam Investment and Finance Co , had shortlisted advisors to raise upto Rs 4,000 crore via a QIP which was likely to launch in September
All insurance houses are overweight on the auto sector. On the Nifty 100, auto sector has weightage of 4.9 percent while in insurance portfolios it is over 6.5 percent
Motilal Oswal is bullish on Bajaj Finance recommended buy rating on the stock with a target price of Rs 8800 in its research report dated September 06, 2023.
On the back of its omni-channel strategy, Bajaj Finance anticipates greater customer acquisition, improved customer loyalty, increased cross-selling opportunities, and improved margins
In the ranking of top 10 firms, Reliance Industries remained the most valued firm followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.
While the entire sector stands to benefit, foreign broking firm Nomura thinks this is a big positive for Bajaj Finance and its housing finance subsidiary Bajaj Housing Finance Ltd, from a ‘liability-garnering and finer-pricing perspective’.
Bajaj Finance's plans to further expand its product lines, including micro finance, new car and tractor and gold loan financing, will provide support to its growth aspirations, says Namura which initiated coverage on the stock with 'buy' call