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
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