Wed, Nov 22, 2023
Zee Business brings to you 3 stocks recommended by brokerage firms to keep an eye out for.
Wed, Oct 04, 2023
Bajaj Finance shares hit fresh 52-week highs after reporting strong Q2 results. As per the company, new loans booked surged 26%, AUM grew 33%, and liquidity position remained strong. Brokerages are bullish on the stock, with Morgan Stanley raising its target price to Rs 10,300.
Mon, Sep 25, 2023
Bajaj Finance shares jumped on Monday after the company said it will consider raising funds through preferential issuance of shares and qualified institutional placement (QIP). The stock gained by Rs 264.5, or 3.5%, to touch Rs 7,737 apiece at the strongest level of the day so far. The move to raise capital comes after a gap of four years in a sign of stronger-than-expected medium-term loan growth and will help the company drive its long-term growth.
Tue, Jul 04, 2023
Why the rise in Bajaj Finance? Brokerages view on Bajaj Finance
Wed, Mar 15, 2023
Bajaj Finance growth is slowing down mainly due to size and competition. The company has already a 23 per cent CAGR which no other Indian bank, NBFC or HFC has witnessed in the last couple of decades, and it has a 45 per cent market share amongst NBFCs in commercial/personal loans wherein competition is increasing from banks. The cost of funds is likely to be 250 bps higher than large banks which makes BAF uncompetitive.
Fri, Jan 27, 2023
Pune-based Bajaj Finance's interest income increased to Rs 9,273.4 crore for the three-month period, up 27.6 per cent on a year-on-year basis, according to a regulatory filing.
Wed, Jan 25, 2023
Bajaj Finance Q3 Results Preview: The company is expected to report a 41 per cent jump in consolidated net profit to Rs 3,000 crore for the quarter ended December 2022, according to Zee Business research.
Fri, Oct 21, 2022
. The downtrend was seen despite the Bajaj Group company reporting heathy numbers in the July-September quarter of the current fiscal.
Thu, Oct 06, 2022
Bajaj Finance share price dropped 1 percent on Thursday as investor sentiment in the Bajaj Group non-banking financial firm turned sour over lacklustre loan growth. Brokerages from CLSA to Macquarie have shared their ratings and set a target price on the Bajaj Finance stock price. Read more below
Mon, Sep 19, 2022
Bajaj Finance's share price rose nearly 3.5% on Sep 19's intraday trade to become the top gainer on the Nifty50 and the 30-shares Sensex
Bajaj Finance share price rose nearly three and half per cent in Monday's intraday trade to become the top gainer on the Nifty50 and the 30-shares Sensex.
Wed, Jul 06, 2022
Bajaj Finance, a leading NBFC company, witnessed a 31% Year-on-Year (YoY) growth in its core assets under management in the quarter ended June 30, 2022.
Wed, Oct 27, 2021
According to research collated by Zee Business TV, Global brokerage firms such as JPMorgan, Morgan Stanley, and Goldman Sachs maintained their rating but raised their respective target price on Bajaj Finance post September quarter results.
Thu, Jan 21, 2021
Bajaj Finance’s New loans booked during Q3 FY21 were 6.04 mn as against 7.67 mn in Q3 FY20. Customer franchise as of 31 Dec 2020 stood at 46.31 mn as against 40.38 mn as of 31 Dec 2019. Bajaj Finance acquired 2.19 mn new customers in Q3 FY21 as compared to 2.46 mn in Q3 FY20.
Sharekhan maintains their Buy rating on Bajaj Finance stock with a revised price target of Rs 6000. Bajaj Finance Q3 FY21 results were mixed. Operational numbers were largely in line with estimates but elevated provisions were dampeners. Asset quality improved on a sequential basis, which was along expected lines.
Tue, Jan 15, 2019
Interestingly, if you had invested in the previous maha Kumbh mela in February 2013, you would become crorepati by this stock.
Mon, Jan 30, 2017
The company's gross non-performing assets and net NPA stood at 1.47% and 0.39% respectively.
Mon, Dec 12, 2016
Last month, the passenger car sales stood at 1,73,606 units which was just 495 cars more than the same month of last year.
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