Bajaj Finserv share price target upped: JM Financial sees stock at Rs 2,250
JM Financial recently convened with the management of Bajaj Finserv and its key subsidiaries in Pune. The meeting emphasised that Bajaj Finserv functions not as a mere holding company but as a unified group of businesses within the financial services sector, mutually reinforcing each other’s operations. This collaborative structure allows the company to leverage synergies across its various segments, enhancing overall efficiency and effectiveness, JM Financial said
Valuation analysis places Bajaj Finserv’s implied holding company discount at 17%, below the five-year average of 22%, the domestic brokerage said adding that it has revised its target price of Rs 2,250 on the stock, up from Rs 2,150. The breakdown includes Rs 255 per share…
