Will share the wealth of this Bajaj Group company, invest money

New Delhi. If you also want to invest money in an earning stock, then you can invest in Bajaj Finance Limited, a Bajaj Group company. Brokerage MK Global has expressed the expectation of huge profits from Bajaj Finance shares in the coming time. Today i.e. on Wednesday, April 24, Bajaj Finance shares were trading at the level of Rs 7326.40 (Bajaj Finance Share Price) on NSE with a rise of about one percent at 12:20 pm. Today this share opened with a gain at Rs 7,283. Once in intraday it went to Rs 7,419.45.

Bajaj Finance Limited is an Indian non-banking financial company. It is one of India’s leading non-banking financial companies with a customer base of approximately 73 million. The current market capitalization of the company is Rs 4.53 lakh crore. The 52-week high of Bajaj Finance share is Rs 8,192 and 52-week low is Rs 5877.

Also read- Foreign investors are investing heavily in the shares of this sector, avoiding IT and FMCG stocks.

MK Global started coverage
Brokerage firm Emkay Global has started coverage on Bajaj Finance shares. The brokerage has advised investors to invest money in Bajaj Finance shares. Anyway, the view of most of the brokerages is positive regarding this stock. Of the 28 analysts covering it, 31 have given it a buy rating while four have given a hold rating and three have given a sell rating.

Share will go up to Rs 9 thousand
MK Global has set a target price of Rs 9 thousand for Bajaj Finance. This is about 23 percent upside from the current level. Last year, on April 25, 2023, Bajaj Finance shares had fallen to its lowest level in one year at Rs 5933. From this level, it jumped by more than 38 percent in 6 months and reached Rs 8,190.00 on 6 October 2023.

Read this also- Rs 13 share took off, ‘bulls’ are betting heavily, doubled their money in a year

There may be a rise due to these reasons
According to MK Global, the recent fall in the shares of Bajaj Finance has made it attractive from investment point of view. Bajaj Finance is very strong in implementing strategic plans. Its execution capabilities are quite strong. Near term challenges and challenges such as RBI action on EMI and e-com cards, changes in management and issues related to listing of housing subsidiary may be resolved within a year. Due to Bajaj Finance’s strategy of Invent, Innovate and Emit, the company’s consolidated assets under management can grow by 25 percent annually and net profit at a compound growth rate (CAGR) of 21.4 percent in the financial year 2024-27.

(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. AyraNews24x7 is not responsible for any profit or loss of yours. will be.)

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