Sharekhan has given Buy recommendation for Bajaj Holdings and Investments with a target price of Rs. 7615 in its research report issued on Sep 29, 2022

Sharekhan’s research report on Bajaj Holdings and Investments

The business outlook of BFS is positive, led by expected pick-up in demand during the festive season in BFS’s lending arm, Bajaj Finance Ltd. (BFL). BFS’s insurance business is witnessing strong traction, led by well-diversified product portfolio and multi-channel distribution network. Bajaj Auto Limited (BAL) is likely to do well going forward, driven by new launches and an increasing premiumization trend. We remain positive on BFS and BAL and retain our Buy rating on the stock. BHIL will be the key beneficiary of improving business prospects and valuations of its associate companies.

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