Long-term investment ideaBajaj Finance is a dominant player in the consumer finance space, and it has also made forays into a variety of lending segments, with housing lending accounting for a significant portion of its portfolio.
Bajaj Finance's share price has remained relatively stable in recent months, while increasing by 64% year on year.I believe that because the fin-tech saga is deeply embedded in this company, valuations should continue to be high.
As a result of the increased adoption of the new app, annual customer franchise additions should accelerate to 80-90 lakh, up from the previous guidance of 70-80 lakh per annum, according to the company.
The stock is also taking multiple support from 200EMA and can continue the growth once the war situation normalises. I would recommend to start buying this stock in small installments.
