BAJAJ FINANCE Q2FY23 earnings were in line with market estimates (PAT at Rs 27.8bn vs PLe: Rs 28.7bn)

Funding costs CoF marginally increased to 6.91% in Q1FY23 vs 6.64% in Q1FY23 with improvement in asset quality (Gross NPA down to 1.17% from 1.25% in Q1FY23

[{"selector":"#anim-1caf0c61-2655-421c-9e0a-282add3807c4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.409090873078057%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

NIM improved to 13.25% in Q1’23 vs 13.23% in Q1’23 as yields on advances improved to 18.9% in Q2’23 from 18.5% in Q1’23

[{"selector":"#anim-48a34930-2b52-4b9f-a84a-e7ed0e9cc0ee [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The Brokerage House Prabhudas Lilladher maintains buy on Bajaj Finance due to:

[{"selector":"#anim-ef78e723-4776-4141-ae4d-6a086d882629 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

On 21st Oct Bajaj Finance is trading at Rs 7274.60 per share on NSE (at 12 pm IST), it made a high of Rs 7490 and a low of Rs 7244

[{"selector":"#anim-77c6e97c-1b20-4943-8503-83af38253041 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The Broking house Prabhudas Lilladher has given a BUY rating on Bajaj Finance at CMP: Rs7,432 for the target price of Rs8,953

[{"selector":"#anim-86d7bd85-453b-46ac-9a33-e52a7f22be4b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(7.9676823275289514%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

MORE STORIES

[{"selector":"#anim-3dfd4622-a9bc-4e15-a26d-ef0835d5d430","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0cafe71e-8822-461e-b8e7-7046899c47bc","keyframes":{"transform":["translate3d(-140.33614%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b9708ada-c98f-4b95-92e4-179a95a67b3c","keyframes":{"opacity":[0,1]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2510f1c4-6428-47ba-8c26-41f77f916bda","keyframes":{"transform":["translate3d(-140.33614%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] More Stories