UBS upgrades Bajaj Finance to Neutral with ₹1,100 target
after close1 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, reflecting an implied upside of 9% from the last close of ₹1,008.90. The firm anticipates earnings upgrades due to a strong unsecured credit growth cycle, particularly in personal loans, supported by healthy asset quality and abundant liquidity.
This upgrade highlights Bajaj Finance's position as a leader in personal loans, suggesting potential for yield-accretive growth and improved earnings as market conditions become more favorable.
Not investment advice. For informational purposes only.