Bajaj Finance shares hit a second straight record high, up 2.57% to Rs 1177.60; CLSA raises target to Rs 1,300
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Bajaj Finance extended gains to a second record close, with momentum indicators showing an overbought setup (RSI ~74) as the stock trades above key moving averages. Brokerages (CLSA, HSBC) reiterated positive ratings and lifted price targets, citing earnings upside driven by stronger net interest income, improved pre-provision profitability, and lower-than-expected credit costs alongside better asset quality. The news supports risk appetite in Indian financials, though near-term positioning looks stretched.
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AI تجزیاتی سمجھ · NCCOGOLD2USD/USDTAI تجزیاتی سمجھ
▲ Bullish
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⚠️ AI سے تیار کردہ تجزیاتی سمجھ خبروں کے مواد پر مبنی ہے اور صرف معلوماتی مقاصد کے لیے فراہم کی گئی ہے۔ یہ سرمایہ کاری کا مشورہ نہیں ہے اور نہ ہی BingX کے خیالات کی نمائندگی کرتی ہے۔ سرمایہ کاری میں رسک شامل ہے۔ براہ کرم ذمہ داری سے ٹریڈ کریں۔
Bajaj Finance shares notched a second consecutive record, rising 2.57% to Rs 1177.60, taking their monthly gain to 14% and the three-month rise to 25.38%. CLSA reiterated an Outperform rating and lifted its target price to Rs 1,300, implying upside of more than 23% from the previous close. The brokerage said quarterly profit after tax beat its estimate by about 6%, helped by stronger net interest income, higher preprovision operating profit and lower-than-expected credit costs.
