April 19, 2025
India’s Bajaj Finance rises as CLSA reiterates top pick — TradingView News
 #IndiaFinance

India’s Bajaj Finance rises as CLSA reiterates top pick — TradingView News #IndiaFinance

Financial Insights That Matter

** Shares of non-bank lender Bajaj Finance Bajfinance rise 3.1% to 8,837 rupees after CLSA reiterates “outperform”, keeping it among top Indian stock picks

** CLSA retains Street-high target price of 11,000 rupees, implying a 28% upside to last closing price in 12 months

** Brokerage says “tough phase of earnings growth is over” for BJFN, projecting a 22%–23% profit CAGR over 5 years

** Says asset quality headwinds are receding, improving visibility for sustained growth

** CLSA also sees RBI’s recent risk-weight cuts for NBFC lending as a tailwind for co

** Average rating of 31 analysts is a “buy”; the median price target at 9,000 rupees, according to data compiled by LSEG

** BJFN up 26% so far in 2025, outperforming the Nifty 50 NIFTY and financial services index CNXFINANCE

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