Brokerages raise TP on Bajaj Finance considering premium valuations, strong earnings
Updated : May 17, 2019 11:22 AM IST
Brokerages give mixed ratings on Bajaj Finance post its quarterly earnings for January-March quarter. Credit Suisse maintains 'underperform' while JP Morgan and Jefferies remain bullish on the stock.
The non-banking financial company (NBFC) posted a net interest income (NII) of Rs 3,395 crore in Q4FY19, up 50 percent YoY. Net profits were at Rs 1,176 crore for the quarter ended March 2019, an increase of 57 percent from previous year.