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%.
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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