Bajaj Finance Stock stumble by 7.78 %
As a non – Banking Financial instruction, Bajaj Finance and Bajaj Fiserv shares shared a drop down to 8% toady hear is an analysis and in-depth report
Brokerage Emkay Stated that the Bajaj Finance reported a good set of numbers in Q4 FY24, against the backdrop of Reserve Bank of India’s (RBI’s) embargo on EMI and e-com cards which affected PBT by around 4 per cent and they see the company progressing well on its long range strategy targets. To reflect the Q4 developments and management guidance, by slightly tweaking the estimates that leads to around 3% up to 1 per cent PAT change in FY25E-27E; they reiterate the ‘Buy’ rating with unchanged Mar-25E target price of Rs 9,000 per share,” against its present closing share price of Rs 6,728 and as Bajaj Finance also dragged shares of its holding company Bajaj Finserv Ltd at around 4 per cent lower today but
In an overall view they (Brokerage Emkay ) see the company progressing well on its long range strategy targets. Bajaj Finance is cautiously optimistic” about fiscal year 2025 profit growth, and may look forward to a loss rub off effect
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