{"id":12502,"date":"2017-11-18T09:48:20","date_gmt":"2017-11-18T04:18:20","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=12502"},"modified":"2017-11-18T09:48:20","modified_gmt":"2017-11-18T04:18:20","slug":"bajaj-finance-limited","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502","title":{"rendered":"Bajaj Finance Limited"},"content":{"rendered":"<p><strong>Stellar performance to continue\u2026 <\/strong><\/p>\n<p style=\"text-align: justify;\">Bajaj Finance Limited (BFL) is one of the leading non-banking financial companies (NBFC) in India and is part of the illustrious Bajaj group. Though BFL started as the captive financier to two and three wheelers manufactured by Bajaj Auto, the company entered various other lending segments and became one of the significant players in the retail asset-financing industry. BFL\u2019s diversified product suite now comprises &gt;19 product lines divided broadly into four categories like consumer, SME, commercial and rural. The company is the largest financier of two-wheelers and consumer durables in India.<\/p>\n<p style=\"text-align: justify;\"><strong>Valuation:<\/strong> BFL has delivered healthy operating performance with steady asset quality over the last few years. Hence, we believe that BFL is relatively well positioned within NBFCs space given its well-diversified product portfolio, lower individual product market shares and strong risk management practices. Going forward, we expect BFL\u2019s robust growth momentum and profitability to sustain over the near to medium term. BFL\u2019s premium valuation is also expected to sustain on better earnings visibility and improving return ratios. Hence, we maintain BUY rating on the stock with a target price (TP) of Rs2,000 (P\/ABV of 6.0x for FY19E).<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2017\/11\/Research-Report-Bajaj-Finance-Ltd..pdf\">Research Report &#8211; Bajaj Finance Ltd.<\/a><\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stellar performance to continue\u2026 Bajaj Finance Limited (BFL) is one of the leading non-banking financial companies (NBFC) in India and is part of the illustrious Bajaj group. Though BFL started as the captive financier to two and three wheelers manufactured by Bajaj Auto, the company entered various other lending segments and became one of the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bajaj Finance Limited<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Bajaj Finance Limited On FundsIndia Marketplace\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bajaj Finance Limited\" \/>\n<meta property=\"og:description\" content=\"Find the latest research report on Bajaj Finance Limited On FundsIndia Marketplace\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-18T04:18:20+00:00\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Equities Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\",\"name\":\"Wealth India Financial Services\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/fundsindia\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"width\":189,\"height\":200,\"caption\":\"Wealth India Financial Services\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"name\":\"Insights\",\"description\":\"Official blog of FundsIndia.com\",\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502#webpage\",\"url\":\"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502\",\"name\":\"Bajaj Finance Limited\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\"},\"datePublished\":\"2017-11-18T04:18:20+00:00\",\"dateModified\":\"2017-11-18T04:18:20+00:00\",\"description\":\"Find the latest research report on Bajaj Finance Limited On FundsIndia Marketplace\",\"breadcrumb\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fundsindia.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bajaj Finance Limited\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502#article\",\"isPartOf\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502#webpage\"},\"author\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656\"},\"headline\":\"Bajaj Finance Limited\",\"datePublished\":\"2017-11-18T04:18:20+00:00\",\"dateModified\":\"2017-11-18T04:18:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502#webpage\"},\"wordCount\":238,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"articleSection\":[\"Equity Research\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656\",\"name\":\"Equities Desk\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g\",\"caption\":\"Equities Desk\"},\"sameAs\":[\"http:\/\/www.fundsindia.com\"],\"url\":\"https:\/\/fundsindia.com\/blog\/author\/equities-desk\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bajaj Finance Limited","description":"Find the latest research report on Bajaj Finance Limited On FundsIndia Marketplace","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502","og_locale":"en_US","og_type":"article","og_title":"Bajaj Finance Limited","og_description":"Find the latest research report on Bajaj Finance Limited On FundsIndia Marketplace","og_url":"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502","og_site_name":"Insights","article_publisher":"https:\/\/www.facebook.com\/fundsindia","article_published_time":"2017-11-18T04:18:20+00:00","twitter_misc":{"Written by":"Equities Desk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/www.fundsindia.com\/blog\/#organization","name":"Wealth India Financial Services","url":"https:\/\/www.fundsindia.com\/blog\/","sameAs":["https:\/\/www.facebook.com\/fundsindia"],"logo":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#logo","inLanguage":"en-US","url":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","contentUrl":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","width":189,"height":200,"caption":"Wealth India Financial Services"},"image":{"@id":"https:\/\/www.fundsindia.com\/blog\/#logo"}},{"@type":"WebSite","@id":"https:\/\/www.fundsindia.com\/blog\/#website","url":"https:\/\/www.fundsindia.com\/blog\/","name":"Insights","description":"Official blog of FundsIndia.com","publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502#webpage","url":"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502","name":"Bajaj Finance Limited","isPartOf":{"@id":"https:\/\/www.fundsindia.com\/blog\/#website"},"datePublished":"2017-11-18T04:18:20+00:00","dateModified":"2017-11-18T04:18:20+00:00","description":"Find the latest research report on Bajaj Finance Limited On FundsIndia Marketplace","breadcrumb":{"@id":"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fundsindia.com\/blog"},{"@type":"ListItem","position":2,"name":"Bajaj Finance Limited"}]},{"@type":"Article","@id":"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502#article","isPartOf":{"@id":"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502#webpage"},"author":{"@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656"},"headline":"Bajaj Finance Limited","datePublished":"2017-11-18T04:18:20+00:00","dateModified":"2017-11-18T04:18:20+00:00","mainEntityOfPage":{"@id":"https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502#webpage"},"wordCount":238,"commentCount":0,"publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"articleSection":["Equity Research"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fundsindia.com\/blog\/equities\/bajaj-finance-limited\/12502#respond"]}]},{"@type":"Person","@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656","name":"Equities Desk","image":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g","caption":"Equities Desk"},"sameAs":["http:\/\/www.fundsindia.com"],"url":"https:\/\/fundsindia.com\/blog\/author\/equities-desk"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/12502"}],"collection":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/comments?post=12502"}],"version-history":[{"count":1,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/12502\/revisions"}],"predecessor-version":[{"id":12504,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/12502\/revisions\/12504"}],"wp:attachment":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/media?parent=12502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/categories?post=12502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/tags?post=12502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}