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Global Financial’s recent report predicts that Bajaj Finserv’s stock could see an additional 13% increase from its current price. The brokerage has rated the shares as “Buy” and set a target price of ₹2,150.
This prediction follows a strong performance, with Bajaj Finserv’s stock rising around 22% over the past month. Furthermore, Bajaj Housing Finance, a subsidiary, is about to be listed on the stock exchanges next week, which could add to the positive momentum.
Emkay Global’s optimism is based on three key factors:
Leading Market Position: Bajaj Finance (BAF) and Bajaj Allianz General Insurance Company (BAGIC) continue to be leaders in their sectors despite some short-term challenges.
Resilient Performance of BALIC: Bajaj Allianz Life Insurance Company (BALIC) has performed well during tough times and is now a leading non-bank-owned franchise.
Business Expansion: Bajaj Finserv’s entry into new areas, such as asset management and securities, along with opportunities in the health sector, enhances its growth prospects.
Recent Stock Performance
Emkay Global has initiated coverage on Bajaj Finserv with a “Buy” rating and a target price of ₹2,150 per share, based on a price-to-book value of 4.1 times the projected fiscal year 2026 earnings.
On September 13, Bajaj Finserv’s shares closed at ₹1,898, up 2.33% for the day. Although the stock has gained about 13.22% this year, it has lagged behind the Nifty index, which has risen more than 16% during the same period.
Overall, Emkay Global’s report highlights Bajaj Finserv’s strong market position and growth potential, making it a promising investment opportunity.
