Multibagger stock:
Bajaj Finance shares
zoom over 5,400%
in 10 years! Do you have it?

Bajaj Finance stock has delivered over 5,400% return in 10 years. As on October 25, it was up 38 per cent from its June low of Rs 5,235.60

Analysts are bullish on the stock given the improvement in asset quality, healthy acceleration in digital EMI card acquisitions, stable net interest margin and expanding revenue streams

JM Financial has a target of Rs 9,000 on the stock. The investment banking firm remains positive on Bajaj‚Äôs digital transformation trajectory medium-term while expecting strong earnings growth 

KRChoksey also has a 'Buy' rating with a target of Rs 8,630

It said that digital initiatives are likely to be the key drivers in the company's ability to leverage new product launches, faster customer acquisition, and streamline operational processes

According to Axis Securities, the asset quality metric for Bajaj Finance continues to improve and is currently at better than pre-Covid levels. It sees the value in the stock at Rs 8,600

Manoj Dalmia, Founder and Director of Proficient Equities expects some good moves above Rs 8,000

For the quarter ended September 2022, the company posted 88 per cent YoY jump in its consolidated net profit at
Rs 2,781 crore against
Rs 1,481 crore in the same period last year

On Tuesday, shares of Bajaj Finance ended 1.4 per cent lower at Rs 7,104.15. The market cap of the firm fell to Rs 4,30,107.07 crore

Story by Tanya Aneja 
Designed by Mohsin Shaikh
Produced by Prashanti Moktan

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