Buy Bajaj Finserv from a one year perspective: Avinash Gorakshekar
"The numbers have been pretty good. Our sense is that within the NBFC space this is one of the few value kind of stocks."
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| Updated: Avinash Gorakshekar, VP Research, Edelweiss Financial Advisors in an interview with ET Now talks about Bajaj Finserv.
Have you looked at the numbers of Bajaj Finserv the results that came out?
The numbers have been pretty good. Our sense is that within the NBFC space this is one of the few value kind of stocks which possibly could be giving a good medium to longer term kind of upside. I think this is a stock which typically we do not see a large trading interest in the stock.
Largely most of the bias is basically the delivery kind of bias. In that sense clearly even at a current levels if one wants to take a year's horizon ahead I think the kind of net profit margins and the kind of business growth which the management is confident of doing despite the fact that probably interest rate hikes have also going to impact its cost of funds.
My sense is probably somebody wants to take a one year call. Definitely at these current levels one can actually start nibbling because the management has really shown good numbers and my sense is probably at some level then NBFCs definitely look attractive and within that Bajaj Finserv is definitely a good choice.
Have you looked at the numbers of Bajaj Finserv the results that came out?
The numbers have been pretty good. Our sense is that within the NBFC space this is one of the few value kind of stocks which possibly could be giving a good medium to longer term kind of upside. I think this is a stock which typically we do not see a large trading interest in the stock.
Largely most of the bias is basically the delivery kind of bias. In that sense clearly even at a current levels if one wants to take a year's horizon ahead I think the kind of net profit margins and the kind of business growth which the management is confident of doing despite the fact that probably interest rate hikes have also going to impact its cost of funds.
My sense is probably somebody wants to take a one year call. Definitely at these current levels one can actually start nibbling because the management has really shown good numbers and my sense is probably at some level then NBFCs definitely look attractive and within that Bajaj Finserv is definitely a good choice.
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