Analysts raise targets on Bajaj Finance post Q3 show
Shares of Bajaj Finance ended down 1.3 per cent at Rs 4,362.55 on Thursday.
By ET Bureau | Updated:
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The company reported its highest ever consolidated net profit for the December quarter at Rs 1,614 crore on the back of healthy interest income.
Brokerages have raised target prices on Bajaj Finance after the strong December quarter results.
Emkay Global, Jefferies, JP Morgan, Kotak Institutional Equities and Prabhudas Lilladher have raised target prices by 1-7 per cent.
The company reported its highest ever consolidated net profit for the December quarter at Rs 1,614 crore on the back of healthy interest income.
“BAF remains poised to deliver 23.0 per cent ROE (return on equity)/4.3 per cent RoA (return on assets) by FY22. Such a robust performance coming in the tough periods reinforces our confidence in the business,” said Prabhudas Lilladher.
Shares of Bajaj Finance ended down 1.3 per cent at Rs 4,362.55 on Thursday.
