Asset quality and growth show transitory pain; return ratios remain high
Bajaj Finance (BAF)'s 1QFY22 PAT was up 4% YoY / down 26% QoQ to ~INR10b (27% miss). While NII at INR37b (5% miss) was up 12% YoY, opex was largely...
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Bajaj Finance: Lockdown Led Pains; Expect Improvement Soon
Bajaj Finance maintained strong operating metrics over various credit and rate cycles leading to >18% RoE and >3% RoA consistently
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Accelerated business transformation underway!
Bajaj Finance (BAF)'s Annual Report shares a glimpse of the management's two-pronged strategy implemented in FY21: a) conservatism and prudence and...
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Bajaj Finance (Update): Mid-quarter profit warning calls for a reality check. Downgrade to REDUCE
We revise our FY22/FY23 earnings downward by 9.1%/2.0% on account of higher credit costs and downgrade the stock to REDUCE from ADD with a revised...
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BAJFINANCE: We Maintain Our Sell Rating with a Target Price of Rs 4300/Share
We maintain our Sell rating with a target price of Rs 4300/share (5x FY23E ABV) from Rs 4350/share earlier.
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