UBS upgrades Bajaj Finance to Neutral with ₹1,100 target
pre-market1 source ↓written by the desknot a recommendation
- target price
- ₹1,100
- from the last
- 9%
- last close
- ₹1,008.90
UBS has upgraded Bajaj Finance to Neutral from Sell with a target price of ₹1,100, representing an implied upside of about 9% from the last close of ₹1,008.90. The upgrade reflects expectations of earnings upgrades driven by a strong unsecured credit growth cycle, particularly in personal loans, supported by healthy asset quality and abundant liquidity.
This positive outlook may enhance market sentiment towards Bajaj Finance, given its significant presence in the personal loan sector. Traders should monitor developments closely as UBS anticipates cyclical EPS upgrades in the coming quarters.
Not investment advice. For informational purposes only.