{"id":99183,"date":"2023-04-05T12:20:00","date_gmt":"2023-04-05T06:50:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=99183"},"modified":"2023-04-05T13:16:41","modified_gmt":"2023-04-05T07:46:41","slug":"nbfc-stock-jumps-4-after-booking-highest-ever-new-loans-brokerage-sees-an-upside-of-36","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nbfc-stock-jumps-4-after-booking-highest-ever-new-loans-brokerage-sees-an-upside-of-36\/","title":{"rendered":"NBFC stock jumps 4% after booking highest-ever new loans; Brokerage sees an upside of 36%\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-638633639\"><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>Shares of Bajaj Finance on Monday climbed 4% on Wednesday\u2019s early trades after the company gave its business update for the quarter that ended 31 March 2023 (Q4 FY23).&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1903189639\"><!-- 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>At 11:28 AM, they were trading at \u20b9 5775.10 apiece, up 1.10%, however, they reached an intraday high of \u20b9 5,947.05, indicating an increase of 4.06% as compared to Monday\u2019s closing price of \u20b9 5715.05 apiece.&nbsp;<\/p><h4 class=\"wp-block-heading\" id=\"h-business-update\"><strong>Business Update&nbsp;<\/strong><\/h4><p>The company informed the bourses that on a consolidated basis, it booked new loans worth 7.6 million in Q4 FY23, as compared to 6.3 million in the corresponding quarter last year Q4 FY22, indicating an increase of 20%.&nbsp;<\/p><p>The NBFC\u2019s assets under management (AUM) grew by 29% to approximately \u20b9 247,350 crores as of 31 March 2023 (AUM excluding short-term IPO financing receivable of \u20b9 5,365 crore), as compared to \u20b9 192,087 crores as of 31 March 2022.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1141694460\"><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>Bajaj Finance added that it continues to remain well capitalized with a capital adequacy ratio (CRAR) of approximately 24.9% as of 31 March 2023. Its deposit book stood at \u20b9 44,650 crores with a capital adequacy ratio (CRAR) of approximately 24.9% as of 31 March 2023.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>Target&nbsp;<\/strong><\/h4><p>Morgan Stanley has an \u2018overweight\u2019 stance on the shares of Bajaj Finance with a target price of \u20b9 8,000 per share, representing an upside of 38.53% as compared to its current share price of \u20b9 5775.10.&nbsp;<\/p><p>According to the global brokerage and research firm, competitive intensity in mortgages has eased relative to the third quarter and growth has picked up. The company\u2019s B2B sales finance business has also picked up after slowing post-festive season.&nbsp;<\/p><p>Bajaj Finance is a large-cap company with a market capitalization of \u20b93,45,369 crores. It has an ideal return on equity of 17.43% and a dividend yield of 0.35%. The company\u2019s shares were trading at a price-to-earnings ratio of 32.22, which is significantly higher than the industry P\/E of 25.54, indicating that the stock might be overvalued or that investors are willing to pay a higher price for its earnings.&nbsp;<\/p><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><p><\/p><div class=\"trade-after-content\" id=\"trade-956788569\"><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>Shares of Bajaj Finance on Monday climbed 4% on Wednesday\u2019s early trades after the company gave its business update for the quarter that ended 31 March 2023 (Q4 FY23).&nbsp; At 11:28 AM, they were trading at \u20b9 5775.10 apiece, up 1.10%, however, they reached an intraday high of \u20b9 5,947.05, indicating an increase of 4.06% [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":26353,"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":[4865,31],"tags":[],"class_list":["post-99183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-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>NBFC stock jumps 4% after booking highest-ever new loans; Brokerage sees an upside of 36%\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The company informed the bourses that on a consolidated basis, it booked new loans worth 7.6 million in Q4 FY23, as compared to 6.3 million in the corresponding quarter last year Q4 FY22, indicating an increase of 20%.\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\/nbfc-stock-jumps-4-after-booking-highest-ever-new-loans-brokerage-sees-an-upside-of-36\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBFC stock jumps 4% after booking highest-ever new loans; 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