HSBC has reiterated a Buy rating on Bajaj Finance with a target price of ₹7,740, indicating a potential upside of 16.5% from the current market price (CMP) of ₹6,646.95.
The brokerage has marginally reduced its FY25-27 EPS estimates by 1-2%, citing a decrease in fee and interest income as the current book matures. Despite this adjustment, HSBC remains optimistic about Bajaj Finance’s long-term growth potential, stating that the company offers strong value at current valuations due to its market leadership and resilience.
Stock performance: Bajaj Finance gained 1.08% yesterday, closing at ₹6,646.95, reflecting continued investor confidence in its fundamentals.
Investors will closely monitor how the company manages its earnings and sustains growth amidst these portfolio adjustments.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a financial advisor before making any investment decisions.