CLSA on Bajaj Finance Sell, TP Rs 5600 AUM growth of 7% QoQ/31% YoY strong However, number of loans disbursed was up only 8% YoY If growth driven by higher ticket sizes, it would come off when inflation cools down If it is driven by mortgages, ROE should moderate

BoFA Sec on Bajaj Finance Buy, Target Price Rs 8345 Growth accelerating with AUM up 31% YoY Well-positioned for strong growth revival Encouraging progress on Omnipresence strategy

Morgan Stanley on Bajaj Finance OW, TP Rs 8500 Q2 update – back to 30% loan growth Customer franchise grew to 62.9mn– 4% QoQ, 19% YoY New loans were 6.8mn vs. 6.3mn in 2QF22 Significant ground was achieved in deposits, up 15% QoQ CRAR moderated to 25.1% vs 26.2%

Jefferies on Bajaj Fin Hold, TP raised to Rs 8000 from Rs 7300 BAF has a shot at being 1st NBFC to launch credit card, if RBI approves This would enable BAF to take product to deeper markets as against Top-100 towns where it sells cards of RBL Bk/DBS Bk

What is happening within the entire banking space because it is not only the frontline names that are taking leadership but across the board, we have seen quite a bit of fervour within this space. Do you believe that investors should look to diversify across the board – be it midcap names, NBFCs, insurance etc. […]