Bajaj Finance target price raised by Jefferies, 18% upside expected led by strong fundamentals2 min read 05 Jun 2023, 11:35 AM IST
Jefferies has raised its target price on Bajaj Finance, citing strong loan book growth, robust new customer acquisition, and stable margins and asset quality.
Bajaj Finance, the non-banking finance company (NBFC), has received a boost from global research house Jeffries. The NBFC that manages around half of consumer loans in India in volume terms and significant shares in volume for the purchase of electronic items and iPhones is set to benefit from consumer acquisition and stable asset quality driving margin growth.
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