Axis Capital has maintained a ‘Buy’ rating on Bajaj Finance with a target price of ₹8,100/share, reflecting a potential upside of 10% from the current market price (CMP) of ₹7,367.90.
The brokerage highlights that AUM growth moderation is in line with expectations. The company continues to build its customer franchise and targets a steady-state return on equity (RoE) of 20-22%. However, credit costs are expected to remain elevated, which will be a key focus area for future performance.
Disclaimer: The above analysis is based on inputs provided and is for informational purposes only. It does not constitute financial advice. Readers are advised to consult their financial advisors before making any investment decisions.
