Brokerages have provided mixed ratings for Bajaj Finance, with most maintaining a bullish outlook. Below is a detailed roundup of their ratings, target prices, and the expected percentage upside/downside based on the current market price (CMP) of ₹7,367.90:
| Brokerage | Rating | Target Price (₹) | Expected % Upside/Downside |
|---|---|---|---|
| Nomura | Buy | 8,560 | +16.2% |
| Bank of America | Buy | 8,800 | +19.4% |
| Morgan Stanley | Overweight | 7,300 | -0.9% |
| Axis Capital | Buy | 8,100 | +9.9% |
Summary
- Nomura upgraded the stock to ‘Buy’ with a target of ₹8,560, expecting a 16.2% upside.
- BofA maintained its ‘Buy’ stance, estimating a potential 19.4% upside with a target of ₹8,800.
- Morgan Stanley retained its ‘Overweight’ call, but its target of ₹7,300 reflects a slight downside of 0.9%.
- Axis Capital maintained a ‘Buy’ rating with a target of ₹8,100, projecting a 9.9% upside.
Bajaj Finance remains a favored stock for its strong fundamentals and consistent growth trajectory. However, opinions on valuation vary among brokerages.
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
