ICICI Direct has given Hold recommendation for Bajaj Finserv with a target price of Rs. 13500 in its research report issued on Jul 22, 2021
ICICI Direct’s research report on Bajaj Finserv
Bajaj Finserv (Finserv) is a financial conglomerate with a holding in the financing business (Bajaj Finance), life insurance (Bajaj Life Insurance) and general insurance (Bajaj General Insurance) business. Consistent, faster business growth and profitability remains in focus
We maintain our HOLD rating on the stock We value Finserv at ~31x FY23 EPS to arrive at revised TP of Rs13500 per share from Rs11500 earlier.