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Morgan Stanley has added Bajaj Finance and Hindustan Aeronautics to its Asia Pacific Ex-Japan and Global Emerging Markets focus lists. The brokerage raised its price target for Bajaj Finance shares to Rs 10,500, citing management stability and improved investor sentiment as key factors for sustained performance. Rajeev Jain's promotion to the board of Bajaj Finserv is expected to enhance confidence in the company.
Morgan Stanley has maintained an 'Overweight' rating on Bajaj Finance, setting a price target of ₹9,300 per share, indicating an 8% upside. The stock's performance is closely tied to Rajeev Jain's potential new role, with three scenarios predicting varying impacts on share price based on his involvement with Bajaj Finance and Bajaj Finserv. The board is expected to make a decision on Jain's future role soon, which could significantly influence investor sentiment.
Morgan Stanley remains optimistic about Bajaj Finance amid leadership uncertainty, maintaining an overweight rating with a target price of ₹9,300 per share. The firm outlines three scenarios for Managing Director Rajeev Jain's future, predicting a 5%-10% stock increase if he stays, while a transition to Bajaj Finserv could lead to a 5%-8% decline. Shares recently closed at ₹8,580, reflecting a market capitalization of ₹5.31 lakh crore.
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