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NIFTY 50 22,932.90 Down stock -12.40 (-0.05%)
NIFTY 100 23,368.55 up stock 37.15 (0.16%)
NIFTY 500 20,731.45 up stock 120.05 (0.58%)
NIFTY MIDCAP 50 14,162.75 up stock 166.00 (1.19%)
INDIA VIX 15.42 Down stock -0.25 (-1.56%)
NIFTY MIDCAP 150 18,644.90 up stock 269.05 (1.46%)
NIFTY SMALLCAP 50 7,509.05 up stock 163.05 (2.22%)
NIFTY BANK 49,570.10 up stock 482.80 (0.98%)
NIFTY AUTO 21,809.15 Down stock -9.75 (-0.04%)
NIFTY FMCG 52,360.45 Down stock -120.05 (-0.23%)
NIFTY IT 40,924.25 Down stock -540.10 (-1.30%)
NIFTY MEDIA 1,493.70 up stock 21.05 (1.43%)
NIFTY METAL 8,359.20 up stock 103.60 (1.25%)
NIFTY PHARMA 20,820.00 Down stock -149.20 (-0.71%)
NIFTY PRIVATE BANK 24,778.10 up stock 277.50 (1.13%)
NIFTY REALTY 845.95 up stock 13.90 (1.67%)
NIFTY OIL & GAS 10,045.60 up stock 73.55 (0.74%)
NIFTY COMMODITIES 7,839.00 up stock 57.15 (0.73%)
NIFTY ENERGY 31,198.50 up stock 349.45 (1.13%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Updated 14:17 IST, January 30th 2025

Bajaj Finance Stocks Jump 6% At A Record High, Here's Why

Bajaj Finance shares have climbed over 17% in January, outperforming the Nifty 50 and finance index, both down 1.6%.

Reported by: Business Desk
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 Bajaj Finance
Bajaj Finance | Image: Republic Business

Bajaj Finance shares soared 6% to an all-time high on Thursday after reporting a strong quarterly profit, driven by solid loan growth. Analysts believe this signals strong earnings potential for the next fiscal year. 

Bajaj Finance and its holding company, Bajaj Finserv, gained 2.6% and 1.3%, respectively, ranking among the top performers in India’s Nifty 50 index, which was up 0.6% at 10:33 a.m. IST.


Bajaj Finance: Growth Forecast


The lender posted an 18% year-on-year profit increase for the quarter ending Dec. 31 and projected a 22%-23% profit growth for the fiscal year ending March 2026.

Following the results, at least 12 analysts raised their target prices for Bajaj Finance, with the median target rising to ₹8,500 from ₹8,110, according to LSEG data. Morgan Stanley noted that Bajaj Finance is well-positioned for robust earnings in 2025-26, calling it an ‘interesting large-cap in a tough market’. 


Bajaj Finance: Asset Quality 


While many Indian lenders face asset quality stress from unsecured lending, Bajaj Finance’s asset quality is stabilizing after a brief surge, according to Jefferies.


Bajaj Finance: Stock Price


Bajaj Finance shares have climbed over 17% in January, outperforming the Nifty 50 and finance index, both down 1.6%. Bajaj Finance reported an 18% year-on-year profit increase for the quarter ending December 31, driven by solid loan growth. The company expects profit growth of 22%-23% for the fiscal year ending March 2026.

The company confirmed that its managing director, Rajeev Jain, will remain involved post-tenure, a "smooth succession move" that could boost short-term investor confidence, Morgan Stanley stated.
 

Published 14:00 IST, January 30th 2025