Bajaj Finance sees price target cuts from Citi and Jefferies; stock's near-term upside may be capped - CNBC TV18

Category: Finance

Bajaj Finance's Q1 results disappointed multiple brokerages, leading to price target cuts. Despite a 14% year-on-year profit increase, analysts expressed concerns over rising credit costs and declining net interest margins. Most analysts retained 'Buy' ratings, but the stock's near-term performance is expected to be subdued.

Keywords: Bajaj Finance, stock performance, brokerage ratings

Source: CNBC TV18

Update At: 7/24/2024

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