External broker reports(aggregated public sources), Axis Direct

Axis Direct

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External broker reports(aggregated public sources)

Bajaj Finance: NIM Under Marginal Pressure But Overall Outlook Remains Strong

Bajaj Finance (BAF): A Sustained Growth Powerhouse

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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.

Equity Bottom-Up

<ul><li>Bajaj Finance (BAF) is one of India’s largest NBFCs for consumer finance with a wide product portfolio comprising of loans for two-wheelers, consumer durables, housing, and small businesses among others.</li><li>The company operates its business through 1,400+ urban and 2,400+ rural lending branches, with over 1.6+ Lc distribution points and caters to a customer base of 73 Mn as on Jun’23.</li><li>AUM growth levers intact: In Q1FY24, BAF reported a strong operational performance adding 3.84 Mn customers (+41%/24% YoY/QoQ) and booking ~9.9 Mn (+34%/31% YoY/QoQ) loans. </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>

Bajaj Finance (BAF) is one of India’s largest NBFCs for consumer finance with a wide product portfolio comprising of loans for two-wheelers, consumer durables, housing, and small businesses among others.The company operates its business through 1,400+ urban and 2,400+ rural lending branches, with over 1.6+ Lc distribution points and caters to a customer base of 73 Mn as on Jun’23.AUM growth levers intact: In Q1FY24, BAF reported a strong operational performance adding 3.84 Mn customers (+41%/24% YoY/QoQ) and booking ~9.9 Mn (+34%/31% YoY/QoQ) loans. 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.

Pick of the Week - Bajaj Finance Ltd - 03 OCT 2023