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Bajaj Finance Gets A 'Hold' Rating From Nirmal Bang After Its Q2 Results, Here's Why

The company has seen a large shift in business mix, growth outlook, profitability metrics, hence the brokerages' valuation is at a significant discount to the 5-year average Price/ABV of ~6x.

<div class="paragraphs"><p>A person holding Indian two rupees bank notes for photograph. (Source: Usha Kunji/ NDTV Profit).</p></div>
A person holding Indian two rupees bank notes for photograph. (Source: Usha Kunji/ NDTV Profit).
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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