Bajaj Finance - Morgan Stanley sees near-term stock weakness as a chance to add

BAJFINANCE

MS on Bajaj Finance Maintain Overweight; Hike TP to Rs 1195 from Rs 1150 Q2: In-line Results; Mixed Commentary Cut in FY26 AUM growth guidance and stable NIM is likely to disappoint investors Positives include likely meaningful fall in credit costs from here and continued cost efficiencies Sharp post-results drawdowns in stock followed by eventual recovery are not uncommon; seen both post Q4FY25 and Q1FY26 results