MORGAN STANLEY ON BAJAJ FINANCE

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MORGAN STANLEY ON BAJAJ FINANCE

Maintains 'Overweight' Rating With Target Price of ₹10,500

AUM Grew 4.7% QoQ, 26% YoY, In-Line With Estimate

Remains On Track For Nearly 25% AUM Growth In FY26

Adjusted For Loans Lost In Q4 Owing To RBI Embargo & New Loans Were Up 23% (YoY)

Investor Focus Will Be On Credit Costs, Management Commentary, & Confidence In Trajectory

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