BAJFINANCE

gets target price hike from Bernstein but maintains 'Underperform' rating - Check new target

Bernstein has raised its target price on Bajaj Finance to Rs 840 from Rs 750, even as it maintained an Underperform rating on the NBFC, citing lingering questions around long‑term earnings momentum and margin pressure. The brokerage said recent improvements in near‑term credit costs help ease some immediate concerns, but flagged the sharp rise in provisions during the third quarter and the company’s shift into higher‑cost physical businesses as key risks investors should continue to watch. Bernstein on Bajaj Finance