Bajaj Finance Shares Price Today Rs.6200, Buy, Sell or Hold?

April 27, 2023August 5, 2023 MTIMES

Bajaj Finance Shares Price Today: As an investor or someone interested in the stock market, you may have come across Bajaj Finance, one of the leading non-banking financial companies (NBFCs) in India. Bajaj Finance is known for providing various financial services such as personal loans, home loans, insurance, and more. But as a potential investor, you may be wondering about the current trends and predictions for Bajaj Finance shares price.

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Indian market benchmark indices Sensex and Nifty ended in the green on Thursday, gaining for the fourth straight day, amid fresh foreign fund inflows and strong buying in IT and telecom firms.

In the short term, Nifty is projected to target levels around 18100 on its way up. The momentum indicator has created a new bullish crossover on the daily charts, which is likely to accelerate the current uptrend.

Bajaj Finance was one of the biggest gainers on the Nifty50, rising more than 2% to Rs 6,200 a share on the NSE. Citi has maintained a ‘Neutral’ rating for a target price of Rs 6,400, representing a 3.2% increase.

Goldman Sachs has maintained a’sell’ rating on Bajaj Finance shares, raising the target price to Rs 6,040 per share from Rs 5,725 per share, representing a 2.6 percent decline.

The global brokerage feels that the fourth-quarter outcome is in line with expectations on all fronts, but challenges remain.

The report also noted that management has provided growth guidance of 28% to 29% and stated that it would maintain its Return on Asset at c.4.9% despite the fact that Net Interest Margins would be under pressure.

Bajaj Finance shares is affected by various factors, such as macroeconomic indicators, company-specific factors, and market trends. In this section, we will look at some of the factors that affect the price of Bajaj Finance shares.

Macro-economic factors such as interest rates, inflation, and GDP growth can have a significant impact on the price of Bajaj Finance shares. For example, if the interest rates increase, the cost of borrowing for Bajaj Finance will also increase, which can lead to a decrease in profits and a fall in share prices.

The financial performance and news related to Bajaj Finance can also affect the shares price. In this section, we will look at some of the company-specific factors that can affect the shares price.

The financial performance of Bajaj Finance, such as revenue growth, profit margins, and return on equity, can have a significant impact on the shares price. If the financial performance is strong, the shares price is likely to increase, and vice versa.

News and announcements related to Bajaj Finance can also affect the shares price. For example, if the company announces a new product or service that is well-received by the market, the shares price is likely to increase.

The overall trends in the stock market can also have an impact on the price of Bajaj Finance shares. For example, if the market is bullish, the shares price of most companies, including Bajaj Finance, is likely to increase.

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