Bajaj Group will share the wealth of this company, invest money.

New Delhi. If you also want to invest in earning stocks, you can invest in Bajaj Finance Limited, a Bajaj Group company. Brokerage MK Global expects huge returns from Bajaj Finance shares in the near future. Today i.e. Wednesday, April 24, shares of Bajaj Finance were trading at Rs 7326.40 (Bajaj Finance Share Price) on NSE with a gain of around one percent at 12:20 PM. Today, the stock opened with a gain of Rs 7,283. Once intraday it went to Rs 7,419.45.

Bajaj Finance Limited is an Indian non-banking finance company. It is one of India’s leading non-banking financial companies with a customer base of around 73 million. The current market capitalization of the company is Rs 4.53 lakh crore. Bajaj Finance has a 52-week high of Rs.8,192 and a 52-week low of Rs.5877.

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MK Global initiated coverage.
Brokerage firm MK Global has started coverage on shares of Bajaj Finance. The brokerage has advised investors to invest in shares of Bajaj Finance. However, most brokerages have a positive outlook on this stock. Out of 28 analysts covering it, 31 have rated it a buy, four have assigned a hold rating and three have assigned a sell rating.

The share will go up to 9 thousand rupees.
MK Global has set a target of Rs 9 thousand for Bajaj Finance. This is about 23% above the current level. Last year, on April 25, 2023, shares of Bajaj Finance had fallen to a one-year low of Rs 5,933. From this level, it jumped over 38% in 6 months to reach Rs 8,190.00 on October 6, 2023.

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These reasons may increase.
According to MK Global, the recent fall in shares of Bajaj Finance has made it attractive from an investment perspective. Bajaj Finance is very strong in implementing strategic plans. His execution skills are quite strong. Near-term challenges and challenges like EMI and RBI’s action on e-com cards, change in management and issues related to housing subsidiary listing can be resolved within a year. Due to Bajaj Finance’s innovation, innovation and EMT strategy, the company can grow its assets under management by 25 per cent annually and net profit at a compound growth rate (CAGR) of 21.4 per cent in FY 2024-27. .

(Disclaimer: The stock mentioned here is based on the advice of the brokerage houses. If you want to invest in any of them, consult a certified investment advisor first. News 18 of any profit or loss you make. will not be responsible).

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