Brokerages hold mixed views on Bajaj Finance – Economic Times

Bajaj Finance has lowered its growth guidance by 3 per cent and increased credit cost guidance by Rs 1,100 crore to Rs 1,300 crore.

Synopsis

While Motilal Oswal has maintained a buy rating and Morgan Stanley has retained an overweight rating, HDFC Securities downgraded the stock to reduce and cut the target price to Rs 4,832 from Rs 4,928. Emkay Global has retained a hold rating. Shares of Bajaj Finance ended down 4.4 per cent at Rs 5,728.20 after the update.

Mumbai: Brokerages have a mixed view on Bajaj Finance after the company in a mid-quarter update indicated an adverse impact of Covid-related lockdowns on business during the first quarter of FY22. While Motilal Oswal has maintained a buy rating and Morgan Stanley has retained an overweight rating, HDFC Securities downgraded the stock to reduce and cut the target price to Rs 4,832 from Rs 4,928. Emkay Global has retained a hold rating. Shares of

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