Indian lender Bajaj Finance's rebound helped by CLSA strong profit forecast

Bajaj Finserv

08/04/2025 06:12

** Bajaj Finance BJFN.NS up 2.2%, among broad market .NSEI rebound and more than recouping 1.7% loss on Mon

** Gains helped by CLSA expecting a "healthy" 22%-23% profit growth for the non-bank lender's profit over next 5 years

** Adds no other stock offers such growth; keeps "outperform" and PT at 11,000 rupees vs current price of 8,765 rupees

** Analysts' avg rating is equivalent of "buy" and median PT is 9,000 rupees, as per LSEG data

** BJFN up ~26% YTD, most on Nifty 50, with holding company Bajaj Finserv's BJFS.NS ~18% gain 2nd-best; Nifty off 6% YTD

 (Reporting by Sethuraman NR in Bengaluru)

 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net ))