Premium Domain Names for Sale at CrocoDom.com
Bajaj Finance share price gained 2% in the early trade on Friday after global brokerage firm Nomura initiated coverage on the stock with a ‘Buy’ rating. Nomura has set a target of ₹8,700 for Bajaj Finance shares, which implies an upside of nearly 22% from Thursday’s closing price.
Nomura said that Bajaj Finance continues to deliver strong numbers across the parameters with Asset Under Management (AUM) CAGR of 31% over FY13-Q1FY24.
“New product launches, maintaining balance between secured and unsecured loans, and extensive usage of tech are a few of the key reasons for its sustained performance, in our view,” Nomura said.
The brokerage house believes that the exit of Housing Finance Development Corporation Ltd (HDFC) is a big positive for Bajaj Finance, while the concerns over the entry of Jio Financial Services are overdone.
“After the exit of HDFC Ltd., all the exposure of HDFC to the financial system has been moved out of the non-banking financial companies / housing finance companies (NBFC/HFC) classification. This is a big positive for BAF and Bajaj Housing Finance (BHFL) from a liability-garnering and finer-pricing perspective, given the various regulatory caps on various liabilities streams for NBFCs/HFCs,” Nomura said.
Meanwhile, Bajaj Finance shares have been under pressure due to concerns about Jio Financial Services, which Nomura believes are overdone.
“Setting up a successful unsecured business is relatively difficult for an NBFC, given low ticket size and inferior customer quality. Jio Financial Services’ execution capabilities would only be clear in the medium term,” the brokerage added.
Also Read: Paytm share price rallies over 3% to hit 52-week high on block deal buzz, hopes of MSCI inclusion
Bajaj Finance has a well diversified liability franchise, which, coupled with its AAA rating, strong parentage, prudent ALM management and robust track record, has led to declines in the gap of funding cost with large banks over the past few years, it noted.
Additionally, Bajaj Finance recently introduced new products, and plans to further expand its product lines including micro finance, and new car and tractor and gold loan financing. Nomura believes these will provide support to its growth aspirations.
However, the inability to scale-up these new businesses would remain the key risk from a growth perspective.
While Nomura is bullish on Bajaj Finance, its potential conversion into a bank due to size constraints is a key risk, as it would lead to declines in RoA and RoE along with a capped promoter stake and tenure of MD and CEO, Nomura noted.
The brokerage expects Bajaj Finance to deliver AUM CAGR of 27% over FY23-26F, average net interest margin (NIM) of 10% and average credit cost of 1.6%, which should drive CAGRs of 25% EPS, 4.5% RoA and 24% RoE during FY23-26F.
At 11:10 am, Bajaj Finance share price was trading 0.57% higher at ₹7,175.00 apeice on the BSE.
Catch Live Market Updates here
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
Download the Mint app and read premium stories
Log in to our website to save your bookmarks. It’ll just take a moment.
You are just one step away from creating your watchlist!
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
Your session has expired, please login again.
You are now subscribed to our newsletters. In case you can’t find any email from our side, please check the spam folder.
This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp
source
Premium Domain Names:
A premium domain name is a highly sought-after domain that is typically short, memorable, and contains popular keywords or phrases. These domain names are considered valuable due to their potential to attract more organic traffic and enhance branding efforts. Premium domain names are concise and usually consist of one to two words or two to four individual characters.
Top-Level Domain Names for Sale on Crocodom.com:
If you are looking for top-level domain names for sale, you can visit Crocodom.com. Crocodom.com is a platform that offers a selection of domain names at various price ranges. It is important to note that the availability of specific domain names may vary, and it’s recommended to check the website for the most up-to-date information.
Contact at crocodomcom@gmail.com:
If you have any inquiries or need assistance regarding the domain names available on Crocodom.com, you can reach out to them via email at crocodomcom@gmail.com. Feel free to contact them for any questions related to the domain names or the purchasing process.
Availability on Sedo.com, Dan.com, and Afternic.com:
Apart from Crocodom.com, you can also explore other platforms like Sedo.com, Dan.com, and Afternic.com for available domain names. These platforms are popular marketplaces for buying and selling domain names. Each platform may have its own inventory of domain names, so it’s worth checking multiple sources to find the perfect domain name for your needs.
#PremiumDomains #DomainInvesting #DigitalAssets #DomainMarketplace #DomainFlipping #BrandableDomains #DomainBrokers #DomainAcquisition #DomainPortfolio #DomainIndustry #DomainAuctions #DomainInvestors #DomainSales #DomainExperts #DomainValue #DomainBuyers #DomainNamesForSale #DomainBrand #DomainInvestment #DomainTrading