BAJAJ FINANCE'S LOAN growth is firmly back, up 9% q-o-q in Q3FY22. We expect the overall medium-term trajectory to remain strong even as a combination of competition across segments, rising rates and investments in new initiatives will exert some pressure. Amid normalising business and asset quality performance, cooling down in the Street's initial euphoria on the new app will temper stock performance, retain Sell; FV of Medium-term outlook bright; execution risk for new app not reflected in valuation; 'Sell' retained with TP of ₹6350 (5.9X book FY2024e), rolled over from Medium-term outlook bright; execution risk for new app not reflected in valuation; 'Sell' retained with TP of ₹6,000.
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Large banks see increase in slippages in March qtr
Despite rising slippages, analysts are taking heart from the fact that recoveries by banks have been improving
India joins Indo-Pacific economic bloc led by US to counter China
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A good end to fiscal for company
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India seeks easing of WTO food export rule
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Maruti May Stop S-Cross, Drive In SUV With Toyota
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