{"id":116081,"date":"2023-12-23T12:00:00","date_gmt":"2023-12-23T06:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116081"},"modified":"2023-12-22T15:44:52","modified_gmt":"2023-12-22T10:14:52","slug":"fundamentally-strong-nbfc-stock-to-buy-now-for-an-upside-of-more-than-35","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fundamentally-strong-nbfc-stock-to-buy-now-for-an-upside-of-more-than-35\/","title":{"rendered":"Fundamentally strong NBFC stock to buy now for an upside of more than 35%\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2191138461\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of India\u2019s leading non-banking financial companies (NBFC) received a 37 percent upside from Morgan stanley.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3498026097\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>On Friday, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BAJFINANCE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Bajaj Finance<\/a><\/strong> shares were trading at Rs 7,300, down 0.91 percent from the previous close on the National Stock Exchange. The company has a market capitalization of Rs 4,51,339 crore.\u00a0<\/p><p>Bajaj Finance revenues increased by 34 percent year on year from Rs 9,970 crore in Q2FY23 to Rs 13,378 crore in Q2FY24, while net profit has increased by 28 percent from Rs 2,781 crore to Rs 3,551 crore.&nbsp;<\/p><p>Bajaj Finance Ltd shares have gained 11 percent on a year-to-date basis and 12 percent in a year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1827263658\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Morgan Stanley has given an overweight call to Bajaj Finance Ltd. The brokerage has given the target price of Rs 10,000, representing an upside of 37 percent from Friday\u2019s close price of Rs 7,289.&nbsp;<\/strong><\/p><p>The brokerage says that the Securities Appellate Tribunal (SAT) has canceled SEBI\u2019s decisions on Karvy. This means the company will receive their outstanding amounts along with interest. If funds are returned, it may affect the estimated profit of the company for the current financial year and the next financial year by 1 to 2.4 percent&nbsp;<\/p><p>Bajaj Finance reported a charge-off of Rs 3.2 billion in FY20. If this amount is recuperated, it could represent 1.7% and 1.3% of the projected PAT for F24e and F25e, respectively. Including interest, the figures could be 2.4% and 1.9%.&nbsp;<\/p><p>In the September quarter of 2024, the Company delivered an AUM growth of Rs 20,167 crore, Meanwhile, NBFC booked 8.55 MM new loans and added 3.58 MM new customers.&nbsp;<\/p><p>Bajaj Finance Limited is engaged in the business of lending for retail, SME, and commercial customers with a significant presence in urban and rural India.<\/p><p>Bajaj Finance has a significant market share of 45% in the NBFC segment in commercial\/personal loans, and the company has achieved a 23% CAGR, which no other Indian bank, NBFC has witnessed in the last couple of decades.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3427342092\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Bajaj Finance&#8217;s cost of financing is 250 basis points higher than that of major banks, which makes the company uncompetitive.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2148202355\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of India\u2019s leading non-banking financial companies (NBFC) received a 37 percent upside from Morgan stanley.&nbsp; On Friday, Bajaj Finance shares were trading at Rs 7,300, down 0.91 percent from the previous close on the National Stock Exchange. The company has a market capitalization of Rs 4,51,339 crore.\u00a0 Bajaj Finance revenues increased [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12418,12417,15348,948,936],"class_list":["post-116081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bajaj-finance-latest-news","tag-bajaj-finance-share-price","tag-bajaj-finance-share-target-2023","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fundamentally strong NBFC stock to buy now for an upside of more than 35%\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of one of India\u2019s leading non-banking financial companies (NBFC) received a 37 percent upside from Morgan stanley.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/fundamentally-strong-nbfc-stock-to-buy-now-for-an-upside-of-more-than-35\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fundamentally strong NBFC stock to buy now for an upside of more than 35%\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of one of India\u2019s leading non-banking financial companies (NBFC) received a 37 percent upside from Morgan stanley.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/fundamentally-strong-nbfc-stock-to-buy-now-for-an-upside-of-more-than-35\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-23T06:30:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/fundamentally-strong-nbfc-stock-to-buy-now-for-an-upside-of-more-than-35\/\",\"url\":\"https:\/\/tradebrains.in\/features\/fundamentally-strong-nbfc-stock-to-buy-now-for-an-upside-of-more-than-35\/\",\"name\":\"Fundamentally strong NBFC stock to buy now for an upside of more than 35%\u00a0 - 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