India's Bajaj Finserv rises as Jefferies initiates coverage with 'buy'

Bajaj Finserv

21/08/2025 05:07

** Shares of Bajaj Finserv BJFS.NS rise 1.4% to 1,985.7

** Jefferies starts coverage with "Buy", sets PT at 2,420 rupees, upside of ~23% from the last close

** Says co poised to benefit from lower rates in NBFC Bajaj Finance BJFN.NS, improving profitability in Bajaj Allianz Life Insurance and profitable growth in Bajaj Allianz General Insurance

** Sees co delivering 23% annual growth in core earnings over FY25–FY28

** BJFS up ~27% YTD

(Reporting by Komal Salecha)

((Komal@thomsonreuters.com;))