Morgan Stanley has reiterated an Overweight rating on Bajaj Finance, with a target price of ₹1,050, implying an 11% upside from the current market price of ₹948.00.
The brokerage acknowledged the resignation of MD Anup Saha, citing personal reasons. In response, the board has re-designated Rajeev Jain as Managing Director until March 2028, ensuring leadership continuity. Morgan Stanley remarked that while this change is a setback to the planned succession strategy, the transition appears manageable given Jain’s long-standing leadership and experience.
Despite the leadership reshuffle, Morgan Stanley remains upbeat on Bajaj Finance’s fundamentals. It projects the company to deliver 25%+ EPS growth during FY26–28, which it believes will be among the best performances across large-cap financials.
Disclaimer: This article is based on brokerage research and is not a recommendation to buy or sell any securities. Investors should consult certified financial advisors before making investment decisions.
