Bajaj Finance Shares Surge 6%, Dominating Sensex and Nifty Gains
New Delhi, April 5, 2025 — Bajaj Finance saw a significant uptick in its share price on Friday, rising 6% in market trading. This increase positioned the company as a leading gainer on the Sensex and Nifty indices, reflecting positive sentiment among investors.
Market Performance
The stock price of Bajaj Finance experienced a robust 5.8% rise, briefly reaching an intraday high of ₹7,339.90 per share during trading on the Bombay Stock Exchange (BSE). This surge helped solidify its status as the top performer on the Sensex. In tandem, shares of Bajaj Finserv also experienced a notable jump, soaring 9% to an intraday high of ₹1,717.45 per share, amplifying the gains for both companies.
The overall Sensex index surged by over 1,000 points, trading around the 79,520 mark by 1:00 PM IST, highlighting a trending day of gains in the broader market.
Analysts’ Outlook
Global brokerage firm Citi has expressed unwavering confidence in Bajaj Finance, maintaining a ‘Buy’ rating on its shares and setting a target price of ₹8,150. This optimistic outlook stems from expectations of manageable credit costs and a healthy growth trajectory for the company’s assets under management (AUM). Citi anticipates a quarter-on-quarter AUM growth of 6% and a year-on-year increase of 7%, driven by sectors such as mortgages, sales financing, and securities lending.
Citi’s report suggests that the net interest margin (NIM) may see a slight increase of 3 to 5 basis points, reflecting a favorable financial environment for Bajaj Finance.
Financial Performance and Market Position
Bajaj Finance has established itself as one of India’s premier non-banking financial companies (NBFCs), with a diversified portfolio that caters to retail, small and medium enterprises, and commercial clients. The company’s share price history indicates a steady performance; over the past month, shares have gained about 4%, contrasting with a 1% decline in the Sensex index.
The stock achieved a remarkable 52-week high of ₹7,830 per share in January and recorded an all-time high of ₹8,190 in October of the previous year. With a market capitalization of approximately ₹4.4 trillion, Bajaj Finance continues to play a pivotal role in India’s financial landscape.
According to market analysts, the company’s earnings growth is expected to align more closely with asset growth in the subsequent quarters, buoyed by decreasing credit costs and stability in NIMs. Mirae Asset Sharehan has similarly raised their price target on Bajaj Finance shares to ₹9,500, reinforcing their ‘Buy’ rating based on positive Q2 results.
Conclusion
As Bajaj Finance continues to thrive, bolstered by strong analyst support and market performance, investors and observers alike will be keenly watching the company’s next moves. The ongoing bullish sentiment surrounding the stock could provide further momentum in the competitive finance sector as the company navigates the remainder of fiscal year 2025.
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