News

Sharekhan's research report on Bajaj Finance

Net earnings were in line although adjustment to ECL model led to a higher credit cost, which was offset by reversal of tax provisions and strong AUM growth. Management revised guidance for FY26 slightly on the lower side with respect to return ratios and AUM growth, citing focus on improving credit costs. We are building a 25% loan CAGR (versus >26% earlier), marginal improvement in NIMs, credit cost at 1.9-2.0% against it guidance of 1.85-1.95% and opex/assets at 2.8%/2.7% translating into RoA/RoE of >4%/>20%. Stock has outperformed Bank Nifty by 20%/17% on a YTD/12-month basis.

Outlook

We remain assertive for medium to long-term prospective. Hence, we retain a Buy with an unchanged PT of Rs. 10,500. At CMP, the stock trades at 4.6x/3.9x/ FY2026E/FY2027E BV estimates.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Bajaj Finance - 02052025 - khan

Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Stock Market Holiday Jammu Kashmir News Live Tim Cook Delhi Rain Heatwave in India Odisha 10th Result 2025 WB Madhyamik Result SSLC Result 2025 Kolkata News IPL Points Table 2025

Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups

Home Currencies Commodities Pre-Market IPO Global Market Bonds

Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance TrackerNew Fixed Deposits Fixed Deposit Comparison Fixed Income

Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener

Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator

Stock Markets

News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive Topper Learning

About Us Contact Us Advisory Alert Advertise with Us SupportDisclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors

You are already a Moneycontrol Pro user.