Sharekhan has given Buy recommendation for Bajaj Finserv with a target price of Rs. 20,264 in its research report issued on Nov 03, 2021
Sharekhan’s research report on Bajaj Finserv
Bajaj Finserv (BFS) reported healthy revival in business traction and earnings in Q2FY22. Consolidated PAT grew by ~14% y-o-y to Rs. 1,122 crore for Q2FY22 and consolidated revenues grew by ~20% y-o-y to Rs. 18,008 crore. The growth in revenue was primarily driven by a strong revival in lending business and robust performance in life and general insurance premium off take.
We maintain a Buy on the stock with a revised SOTP-based PT of Rs. 20,264.