bajaj finance share price

Bajaj Fin’s Target Price Raised; Stock Surpasses Rs 8,000 Mark After 15 Months

Bajaj Finance Share Price Rises 6.3% in Intraday Trade, Reaches 52-Week High of Rs 8,250 on BSE

Bajaj Finance Share Price Surges After Strong Q3 Results

The BSE saw Bajaj Finance shares jump 6.3% during Thursday intraday trading. The organization saw its stock prices rise dramatically following substantial financial performance during its October-December (Q3) quarter. The stock exceeded the Rs 8,000 threshold for the first time since October 2023 before reaching its new 52-week peak at Rs 8,250 per share.

By 10:Bajaj Finance assumed the top position on BSE Sensex at 10:36 AM by generating 2.7% growth compared to the benchmark Sensex index increasing 0.39%.

Analysts Raise Price Target on Bajaj Finance

The better-than-anticipated Q3FY25 performance of Bajaj Finance has led experts to increase their pricing projections for this organization. The company announced an 18% increase in its annual consolidated net profits to reach Rs 4,308 crore on Wednesday. These results were fueled by a 23% annual NII growth reaching Rs 9,382 crore in combination with steady NIM ratios.

Bajaj Finance exceeded expectations when Bloomberg polls indicated the company would generate Rs 4,136 crore in net profits.

Strong Asset Growth and New Customer Additions

Total assets under management (AUM) at Bajaj Finance expanded by 28% during a year to reach Rs 3.98 trillion as of December 2024. New business segments accounted for three percent of this organizational expansion. For the quarter the company added 12.06 million new loans creating a 22% increase compared to the previous year. Bajaj Financial Services attracted 5.03 million new customers while its customer population reached 97.12 million as the company finished December 2024.

Future Growth Plans

Over the next financial year Bajaj Finance plans to grow its assets under management by 25% through expansions in new business domains and expected rural B2C growth. Bajaj Finance dedicated its focus to risk management as well as margin maintenance together with continued business growth.

Brokerage Firms Raise Targets

Different brokerage firms within the industry have raised Bajaj Finance’s market valuation estimations. The investment research company Emkay Global Financial Services elevated its price target prediction for Bajaj Finance to Rs 8,800 from Rs 8,400 based on the company’s robust present delivery and robust forecasts for upcoming growth. Price target increases from both Citi Research to Rs 9,060 and Nomura to Rs 9,000 along with maintained “Buy” rating by Morgan Stanley at Rs 9,300 formed the basis of brokerage firm target predictions.

Strategic Partnership with Bharti Airtel

Bajaj Finance forged an exciting strategic partnership with Bharti Airtel to expand service access among 200 million potential customers for their financial products. Under their strategic partnership Bajaj Finance and Bharti Airtel intend to develop nine financial products for the Airtel Thanks app throughout the next two years.

This collaboration will attract fresh customers while remaining separate from Bajaj Finance’s existing 97 million customer network. The collaboration supports Bajaj Finance’s growth direction which involves their “3.0 FIN-AI” initiative.

Asset Quality and Credit Costs

Bajaj Finance registered robust financial performance yet management disclosed a minor rise in loan default amounts amounting to Rs 2,043 crore across the quarter. During the quarter the company witnessed its gross non-performing asset (GNPA) ratio climb to 1.12% from last year’s 0.95% in addition to its net non-performing asset (NNPA) ratio which rose to 0.48% from 0.37%.

The quarter’s credit costs stayed at 2.1% but the company expects Q4FY25 to show improvement because of enhanced collection efficiency.

Caution Over Future Risks

Motilal Oswal analysts have pointed out potential risks in Bajaj Finance’s drive to expand into car and tractor markets together with commercial vehicles (CVs) and microfinance institutions (MFI). Although the company offers various products it may face cyclical factors that could harm its growth or raise credit expenses.

Analysts warned that existing Bajaj Finance valuation metrics including 3.4 P/BV and 18 times P/E on FY27 estimates do not indicate discount potential. Analysts focused on Rajeev Jain’s upcoming prominent role as the management takes over in April 2025. Short-term investor caution may endure because of this development.

Motilal Oswal boosted their target price prediction for Bajaj Finance at Rs 8,300 while keeping the company rating at “Neutral.”

Conclusion

Bajaj Finance maintained market interest following its record Q3 results along with the Airtel partnership while also presenting secure growth possibilities up to new market peaks. Analysts demonstrate restraint about the company’s future price potential due to both the business expansion projects and the leadership transition process.

Also Read: Suzlon Share Price Live Updates: Suzlon Experiences a Positive Trading Surge Today

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