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4 reasons Bajaj Finance is this week's stock pick
Synopsis
Bajaj Finance plans to enter new credit segments like microfinance, CV finance and tractor loans, which will support it in strong customer acquisition and growth.
Bajaj Finance (BAF), a diversified NBFC, reported a strong performance in the third quarter of 2022-23 with a 40% y-o-y jump in net profit. The reported net profit was 1.7% higher than the consensus estimates of analysts compiled by Thomson Reuters-Refinitv. The performance was driven by strong customer addition, robust growth in cross-sell customer franchise, highest-ever new loan bookings and moderation in opex growth. The asset quality
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