External broker reports(aggregated public sources), Sharekhan

Sharekhan

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Moderation in credit costs and stable NIMs would support earnings growth from H2FY25 onwards, however Q2 would see higher credit cost and continued pressure on margins.</li><li>Management is guiding for a 26-28% AUM growth in FY2025. Tightening of credit filters in unsecured segment will result in slower growth in unsecured but would be offset by faster growth in secured segment.</li><li>Bajaj Finance is consistently outpacing industry growth while maintaining sector leading profitability metrics across cycles drives our positive view.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Moderation in credit costs and stable NIMs would support earnings growth from H2FY25 onwards, however Q2 would see higher credit cost and continued pressure on margins.Management is guiding for a 26-28% AUM growth in FY2025. Tightening of credit filters in unsecured segment will result in slower growth in unsecured but would be offset by faster growth in secured segment.Bajaj Finance is consistently outpacing industry growth while maintaining sector leading profitability metrics across cycles drives our positive view.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bajaj Finance Ltd - Better Times Ahead; Maintain Buy