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The stock had made a low of ₹6,451 on November 21, from where it has surged over 30% in just over two months.
Bajaj Finance reported a Net Interest Income growth of 23% during the December quarter from the same period last year, while its net profit grew by 19% from the same quarter last year.
Asset quality for the period remained stable on a year-on-year basis.
Rajeev Jain, the current MD & CEO at Bajaj Finance had said during its post-earnings call that intends to remain at the company and “hopefully” be actively involved in shaping the strategies of the company and its subsidiaries.Jain made these comments at Bajaj Finance’s post-earnings call. The company reported results after market hours on Wednesday.
For financial year 2026, Bajaj Finance expects an Assets Under Management (AUM) growth of 25% and credit costs to be at 2%, provided that the March quarter figure is between 200 basis points to 205 basis points.
38 analysts have coverage on Bajaj Finance, out of which 28 of them have a “buy” rating. Among those, three analysts, from Phillip Securities, CLSA and BNP Paribas, expect the stock to touch levels of ₹10,000. While the first two have a target of ₹10,000, BNP Paribas has a target of ₹10,020 on India’s largest non-bank lender.
Among the other 10 analysts, five analysts each have a “hold” and “sell” rating on the stock.
Shares of Bajaj Finance are trading 0.3% higher at ₹8,497.
