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Bajaj Finance - Value Emerging; Upgrade To 'Buy': HDFC Securities

Given the dislocation in the stock price relative to the quality of the franchise and its earnings, we upgrade Bajaj Finance from 'Add' to 'Buy', with an RI-based target price of Rs 8,650

<div class="paragraphs"><p>Close view of Indian banknotes, rupees arranged for photograph. (Photo: Vijay Sartape/NDTV Profit)</p></div>
Close view of Indian banknotes, rupees arranged for photograph. (Photo: Vijay Sartape/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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