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JFS outlook: Nomura said Reliance's track record in disrupting the retail and telecom segments has been impressive but it believes lending is a secular business and a different game from the perspective of underwriting, collection and analytics.
Nomura India maintained its 'Reduce' rating on the Mahindra Finance stock, citing higher share of AUM (54 per cent of AUM) falling into highly competitive segments like auto/cars, leading to potentially negative impact on yields.
Bajaj Finance share price: UBS suggested a target of Rs 6,800. The stock was trading 1.06 per cent lower at Rs 7,393.50 in Wednesday's trade. Bajaj Finance trades at 5.5 times one-year forward price to book value, below its long-term average.
JFS Q3 results: Interest income for the quarter stood at Rs 270 crore against Rs 186 crore in the September quarter. Pre provisioning operating profit for the quarter came in at Rs 316 crore against Rs 537 crore in the September quarter.
JFS, Bajaj Finance: Jefferies has a target price of Rs 9,470 for Bajaj Finance. The standalone entity is valued at 5.4 times March 2026 price to book value, it said. Jefferies did not offer a target for JFS.