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Rakesh Madhav CFA

8th Nov · SEBI-Registered Analyst

💳 Bajaj Finance – Rebounding with Digital Precision CMP: ₹1,067 | Change: +2.4% | Sector: Consumer Finance

BAJFINANCE
Technical View: Bajaj Finance rebounded from support near ₹1,030, regaining strength after recent profit booking. RSI at 63 shows renewed momentum. Sustaining above ₹1,070 could trigger a move toward ₹1,120–₹1,140. Support lies around ₹1,020. Fundamental View: The NBFC’s Q2FY26 results reaffirmed resilience with AUM rising 32% YoY to ₹3.3 lakh crore and new loans up 20%. Digital transformation remains a key driver — with 48% of sourcing now from online channels. Asset quality remains pristine with GNPA at 0.9%. Management’s continued tech investments and entry into microfinance/credit cards provide future scalability. Analyst Rating: Consensus BUY, expecting sustained 25% CAGR in earnings. Target: ₹1,180 (≈10% upside) | Stop-loss: ₹1,015.

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