Bajaj Finance has reduced the growth guidance 100 basis points to 22–23%, due to weaker trends in SME and housing segments, Jefferies said in a note. (Photo: Tierra Mallorca/ Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Jefferies and CLSA retained Bajaj Finance Ltd. shares as their top picks despite disappointing asset under management and growth guidance and rising credit cost. Bajaj Finance retained its preference from top brokerages because the stock is expected to yield decent returns to shareholders.

CLSA has an Outperform rating. It raised the target price to Rs 1,200 from Rs 1,150 apiece. The current target price implies 11% upside potential from current levels.

Jefferies retained 'Buy' rating while it raised the target price to Rs 1,270 apiece from R

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