Jefferies Unlocks Huge Gains? Bajaj Finance, ONGC, Jindal Stainless: 'Buy' Signals Flashed with Massive Upside!

Jefferies has provided optimistic outlooks for three key Indian companies: Bajaj Finance, Oil and Natural Gas Corporation (ONGC), and Jindal Stainless, reiterating a 'Buy' stance on all. For Bajaj Finance, the brokerage sees a potential 23% upside, citing robust Q2 profits driven by higher net interest income and controlled costs, despite a slight moderation in specific portfolios. Assets under Management (AUM) saw a significant 24% year-on-year increase.

Oil and Natural Gas Corporation (ONGC) has a 'Buy' rating with a target price implying a 31% upside. Jefferies highlighted strong Q2 consolidated EBITDA growth, aided by upstream and downstream performance, with steady realisations and a stable domestic gas price regime supporting earnings. The valuation is considered compelling.

Jindal Stainless also received a 'Buy' rating, with a target price suggesting approximately 23% upside. The company delivered strong Q2 earnings with revenue growth driven by volume expansion across key sectors like automotive and infrastructure. Improved EBITDA per tonne and declining net debt were noted as positive factors.

Furthermore, Jefferies' monthly tracker on life insurers signals an encouraging sequential recovery in premium growth, with SBI Life Insurance and Max Financial Services showing notable momentum. Early October data suggests a positive turn after two softer months.

Impact This news is highly impactful for Indian stock market investors as it provides actionable insights from a reputable brokerage on major stocks and sector trends. It can influence investment decisions, stock valuations, and trading activity across these companies and the broader market. Rating: 9/10.

Difficult Terms * **AUM (Assets Under Management)**: The total market value of the investments that a fund manager handles on behalf of clients. * **EBITDA**: Earnings Before Interest, Taxes, Depreciation, and Amortization; a measure of a company's operational profitability. * **Net Interest Income (NII)**: The difference between interest income earned and interest paid by a financial institution. * **Gross NPA (Gross Non-Performing Asset)**: Loans where principal or interest payments are overdue by 90 days or more. * **PAT (Profit After Tax)**: The net profit remaining after all expenses and taxes are deducted. * **CAGR (Compound Annual Growth Rate)**: The average annual growth rate over a period of more than one year. * **Downstream Performance**: Refers to the performance of later stages in an industry's value chain, like refining and marketing in oil and gas. * **Realisation**: The average price at which a company sells its products or services. * **EBITDA per tonne**: A profitability metric showing earnings before interest, taxes, depreciation, and amortization on a per-unit (tonne) basis. * **Leverage Metrics**: Financial ratios used to evaluate a company's debt levels and its ability to meet its obligations.