2/5/2025, 6:58:02 pm

Buy Bajaj Finance; target of Rs 10,500: Sharekhan

Bajaj Finance's Q4 earnings were in line, with higher credit costs offset by tax provision reversals and strong AUM growth. Management revised FY26 guidance slightly lower for return ratios and AUM growth, focusing on improving credit costs. The stock has outperformed Bank Nifty by 20% YTD and 17% over 12 months. The Buy rating is retained with a target price of Rs. 10,500.