Last Updated: April 27, 2023, 12:22 IST
Bajaj Finance Share Price Today: Shares of the personal non-banking lender rose 3 per cent to Rs 6,254 in Thursday’s commerce on the BSE after the agency posted a consolidated internet revenue of Rs 3,158 crore for the quarter ended March, 30 per cent increased in comparison with Rs 2,419 crore within the corresponding quarter of final yr.
Revenue from operations of the monetary companies agency got here in at Rs 11,359.59 crore, up 31.68 per cent from Rs 8,626.06 crore within the year-ago quarter.
The Board of Directors have really helpful a dividend on fairness shares on the price of Rs 30 per share, the corporate mentioned in a regulatory submitting.
Net curiosity earnings for 04 FY23 elevated by 28 per cent to Rs 7,771 crore from Rs 6,061 crore.
Bajaj Finance is the lending arm of Bajaj Finserv. Even Bajaj Finserv raced to change into the perfect performer on Nifty 50 index, by gaining two per cent.
Should you ‘buy’, ‘sell’ or ‘hold’ Bajaj Finance’s inventory? Here’s what analysts say:
Motilal Oswal mentioned that “buyer acquisition and the brand new mortgage trajectory have been robust. The momentum will solely get stronger forward, with the digital ecosystem – app, net platform and full-stack fee choices – in place. The firm ought to be capable of offset the NIM (internet curiosity margin) compression in FY24 with decrease working price ratios and credit score prices.”
Motilal Oswal’s FY24/FY25 estimates have seen a minor increase to factor in the higher AUM growth guidance and expect the company to deliver a PAT CAGR of 24 per cent over FY23-FY25 and a RoA/RoE of 4.6 per cent/24 per cent in FY25.
Maintains ‘buy’ with a Target Price of Rs 7,080 (premised on 5.3x FY25E BVPS).
Morgan Stanley maintained an ‘overweight’ rating on Bajaj Finance post-March quarter results with a target price of Rs 8,000.
Consensus estimate revisions remain positive. The return on equity (ROE) profile (i.e., BVPS growth) is the key value creation metric to be tracked, the brokerage said in a note.
Bajaj Finance has raised loan growth guidance. P/BV and P/E are trading near 1-S.D. below the 5-year mean. The global investment bank expects that rates are likely to peak out soon and that should act like a tailwind.
Global brokerage firm Jefferies maintained its ‘buy’ rating on Bajaj Finance with a target price of Rs 7,280.
“We see 26 per cent CAGR in profit over FY23-26 aided by loan growth and lower NIMs that are compensated by operating efficiencies. Against the backdrop of recent price correction in price/valuations to LT average, strong growth outlook and catalysts like peaking of rates/ potential to enter credit cards market, we see favourable risk-reward,” it mentioned.
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