Bajaj Finance - Business Outrank

Bajaj Finance maintains its strong market performance and achieves a new high of Rs. 8,736 shares up by 3% during intra-day trade on Thursday on the BSE. This rise is however taken against the background of a generally weak market and expectations of continued growth in the business. The stock has now traded through its previous high of Rs. 8,655.20 on February 6, 2025. As of 12:26 PM, Bajaj Finance was trading at Rs. 8,690, up 2% while the BSE Sensex stood still at 74,605. In the past one month, Bajaj Finance has outperformed the market, gaining 20 per cent while the benchmark index has shrunk by 1 per cent. This sharp upward trend has boosted its market capitalization to Rs 5.39 trillion, making it rank ahead of FMCG major Hindustan Unilever (HUL). The stock’s rise was further boosted by the recent budget announcement of the Finance Minister Nirmala Sitharaman who announced increase in the income tax exemption limit to Rs. 12 lakh. This measure is likely to enhance the disposable income and therefore the consumption, which will be good news for Bajaj Finance’s wide range of loan products, including consumer loans, retail financing, and personal loans. In Q3FY25, Bajaj Finance posted strong financial performance with PAT of Rs. 4,300 crore. Credit costs were unchanged at 2.1% and the management expects further improvement in Q4. The management has also reiterated its target of 25% business expansion with maintenance of profit margins. The analysts expect 23-24% PAT growth in FY26 with the maintenance of stable net interest margins and improvement in operating efficiency. Moreover, the Reserve Bank of India’s decision to withdraw the additional 25 percentage points risk weight on bank loans to NBFCs will also help in freeing up capital, enhancing credit facilities and lowering the costs of borrowing. The analysts are still positive on Bajaj Finance and have increased their target price of the stock to Rs. 8,800 by December 2025, which shows that the company has bright prospects in the future.

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