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Bajaj Finance Stock Downgrade: Citi Cuts Rating to Neutral Amid Outperformance

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In a recent move, brokerage firm Citi has downgraded Bajaj Finance to 'Neutral' from its previous rating, citing the stock's significant outperformance compared to the Bank Nifty index. Over the past year, Bajaj Finance has outpaced the Bank Nifty by 23% year-to-date and 20% over the past 12 months. This downgrade comes on the heels of the company's Q4 results, which have sparked a reevaluation of its stock price target among investors and analysts. With the stock's impressive run, investors are now closely watching other price targets set by brokerage firms, considering key factors such as financial performance, market trends, and economic indicators like GDP growth and interest rates. As the financial sector continues to evolve, Bajaj Finance's stock will be under scrutiny, with many awaiting further updates on its growth prospects and potential impact on the broader market, including the Nifty 50 and Sensex indices.