Strong fundamentals justify Bajaj Finance's premium valuations: Amit Khurana

In a chat with ET Now, Amit Khurana, Co- Head Equites & Head of Research, Dolat Capital Market, shares his view on Bajaj Finance.

ET Now: Bajaj Finance is one NBFC where one cannot complaint about growth and asset quality. The company is growing; the asset quality is well under control. But the stock looks expensive. What is your view?

Amit Khurana: Yes, it seems so. I must say that Bajaj Finance's performance over the last one-and-a-half years has surprised me positively. I did not expect the sustainability in the performance to go that far.

But having said that, the valuations are adequately reflecting the kind of premium that the stock should be attracting. I see it as a structural opportunity. One must note that the areas that the NBFC is focusing on are definitely going to do better - the retail one and especially the assets under managemeny (AUM). So definitely, it seems to be one of the long-term opportunities that investors can look at.