Shares of Bajaj Finserv rose 2% after Jefferies initiated coverage with a ‘buy’ rating and a target price of Rs 2,420, citing limited impact from Jio Financial’s entry. The brokerage sees 22% core earnings CAGR over FY25–28, driven by strong growth at Bajaj Finance, improving profitability in BAGIC and BALIC, and upside from new ventures in mutual funds, healthcare, and tech.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets