Bajaj finance new target after Q4 results

Hey traders !!!

Bajaj finance has declared Q4 results on 19 may, and we can see bad impact of covid 19 on bajaj finance Q4 results. Else result will be quite good. 

After Q4 results brokers has gave target on bajaj finance....

1. Brokerages have offered mixed reviews of bajaj finance March Quarter earnings. The company on tuesday posted a 19 % fall in march quarter consolidated profit at rs 948 crore due to Covid-19 disruption.

2. The NBFC had reported Rs. 1176 crore profit for the January - March quarter of FY19.

3. Due to corona virus pandemic and the lockdown, Bajaj finance lost 10 productive days during the quarter resulting in the lower acquisition of nearly 1million loan accounts and when AUM fell by approximately rs 4500 crore.

And let's  come on different different brokers commentary on bajaj finance target after Q4 results.

1. YES Securities: the brokerage house has retained its 'reduce' rating on Bajaj finance with a price target of rs 1825, as the prolonge covid episode is expected to cause deeper impact on growth and asset quality. 

2. ICICI securities: it has maintained a 'hold' rating on the stock with a price target of rs 2000. "Lower growth and higher uncertainty warrant being cautious in the near term till clarity on lockdown emerges," the brokerage said.

3. Motilal oswal 

  Financial services: the brokerage house has 'neutral' rating on the stock with a price target of rs 2210, the brokerage has cut Bajaj finance (BAF) earnings estimates by 10 percent and 5 per cent for FY21 and FY22, respectively, to factor in lower growth.

"We remain convinced of the strength of BAF's business model to deliver better than sector returns over the medium to long term and are comfortable with the multiple.

If you check technical graph of bajaj finance then you will see a high of rs. 4923 on 20Feb. 2020,  and made low of rs 1915 on 27 april. If you compare high to low it is -3008 which is -57%. If you want to invest for long term then bajaj finance could be a good choice for you.

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