Bajaj Finance Stocks: Bajaj Finance, which was among the highest-paying stocks in the last 10 years, is witnessing good business growth on January 21. After the December quarter results, Bajaj Finance is up about 3.5% and has reached a price of Rs 5168. However, the December quarter results have been somewhat weaker than anticipated. During this time, there has been a weakness in both the company’s profit and net interest margin. Currently, after the results, there is a mixed view of the stock of Expert and Brokerage House. Know what is the view of the brokerage house on investing in this millionaire’s share.
Disbursement improvements
There is an improvement in loan disbursement of Bajaj Finance. Disbursement reached 90 percent of the annual level in the third quarter. AUM has achieved 5 percent growth on a quarterly basis and has reached 1.44 lakh crore. The open is 1390 crore with a 20 percent growth on a quarterly basis.
Bajaj Finance’s PAT in the third quarter was down 29 per cent year-on-year to 1150 crore, compared to a 19 per cent decline in it. NIM has also seen a decline. However, the NPA has shown improvement with a big right of Rs 2335 crore.
What is the opinion of the brokerage house?
Brokerage house Motilal Oswal has given a neutral rating in Bajaj Finance. A target of Rs 5000 has been set for the stock. While on Wednesday it closed at a price of Rs 4981. According to the brokerage house, December quarter has been healthy for Bajaj Finance. There has been a good recovery in loan disbursements of the company. The company is recovering from the Corona epidemic and asset quality has also improved. There is no problem with asset quality in the near term. The margin is expected to improve in the coming days. It will benefit from the recovery in the economy, but given the high valuation of the stock, the rating is given neutral. However, the brokerage house Sharekhan has fixed a target of Rs 6000, recommending investment in it.
Brokerage house CITI has fixed a target of Rs 5450, giving a neutral rating in the stock of Bajaj Finance. At the same time, Goldman Sachs has advised selling in Bajaj Finance. According to Goldman Sachs, operating profit has been weaker than expected. There are still challenges regarding growth, while there are concerns about asset quality. The brokerage has set a target of Rs 4140 for the stock.
Millionaire share
Bajaj Finance is included in the crorepati stocks. Talking about the last 10 years, the stock has given 82 times returns to investors. 10 years ago, on 21 January 2011, the share price was Rs 63, which has now gone up by 82 times to Rs 5168. That is, an investment of only 50 thousand in 10 years has become almost 40 lakh rupees. Talking about the last 5 years, the stock has increased investors’ money by almost 9 times.