International brokerage firm Jefferies is optimistic about multiple stocks from the Bajaj group. Since the recent financial reports came out, investors' attention has also increased on two stocks in the financial sector. Wednesday's trading makes this clear. Jefferies believes the price of those Bajaj stocks could rise by up to 28%. The global brokerage firm has now given a 'buy' rating to both these stocks-Bajaj Finserv and Bajaj Finance.
Bajaj Finance
Jefferies has made a significant change to Bajaj Finance's target price. In Thursday's trading, this company's share price rose to ₹1,019. Its target price is ₹1,270. This means there is a possibility of a 17 % price increase in the coming days. Over the past year, this company's assets under management have increased by 24 %. The financial sector company has also done good business during the festive season. Recently, a new person has taken charge as the company's deputy CEO.
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Bajaj Finserv
Jefferies is also optimistic about this Bajaj stock. Its target price has also seen a major change. On Thursday, Bajaj Finserv's share price increased by 1.20% to ₹2,060. The price had risen to ₹2,072 during the day. Jefferies' target price for this stock was ₹2,420. Now it has been raised to ₹2,710. This stock's price could rise by up to 28% in the coming days. Over the past year, this company's insurance premiums have increased by 9%.
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