ICICI Securities: Hold Bajaj Finance, Target Rs 1,050 on strategic growth plans

• ICICI Securities maintains a 'HOLD' rating on Bajaj Finance with a target price of Rs 1,050.
• Bajaj Finance is shifting focus to improving customer wallet market share, aiming for 6.5x-7.5x products per customer.
• BFL targets increasing retail credit market share to 3.5-4% by FY30 and scaling monthly disbursements to INR 80bn.
• The company plans to launch a wealth management business and use AI for product offerings and customer engagement.
• BFL's FY26-30 roadmap emphasizes high growth, improved profitability, and AI-enabled processes to enhance efficiency.

Why It Matters: Investors get a 'Hold' recommendation and target price for Bajaj Finance stock.