Bajaj Finance Shares Surge 6% as the Leading Gainer on Sensex and Nifty
New Delhi, April 16, 2025 — Bajaj Finance shares experienced a significant rally today, surging 6% on the Bombay Stock Exchange (BSE) to establish itself as the top gainer on both the Sensex and Nifty indices. At its peak, Bajaj Finance shares reached an intraday high of Rs 7,339.9 per share, marking a notable performance in a bullish market environment.
Positive Market Sentiment
As the larger market celebrated gains, the Sensex surged over 1,000 points, trading at the 79,520 level by 1:00 PM IST. Similarly, Bajaj Finserv shares followed suit, climbing 8.9% to an intraday high of Rs 1,717.45 per share, underscoring the upbeat sentiment surrounding the Bajaj Group’s financial institutions.
The positive momentum in Bajaj Finance shares has been bolstered by a recent report from global brokerage firm Citi, which has reiterated a ‘Buy’ rating on the stock. Analysts at Citi predict a target price of Rs 8,150, reflecting their optimism about the company’s performance in the upcoming quarter. They anticipate a marginal uptick in credit costs for the third quarter, projecting that asset under management (AUM) will grow by 6% quarter-over-quarter and 7% year-over-year, driven by sectors such as mortgages and sales financing.
Financial Performance Highlights
Recent financial disclosures indicate robust growth for Bajaj Finance. The company’s net profit for the past year increased by 13% year-over-year and 2.8% quarter-over-quarter, now sitting at Rs 4,013 crore. Additionally, its net interest income (NII) rose by an impressive 28% year-over-year to reach Rs 14,987 crore, further solidifying its strong market position.
Bajaj Finance’s diversified lending portfolio, which caters to retail, small and medium enterprises (SMEs), and commercial clients, plays a crucial role in its sustained growth. As of now, the company’s market capitalization stands at approximately Rs 4.4 trillion.
According to analysts, Bajaj Finance’s earnings growth is expected to converge with asset growth, aided by a decline in credit costs and stable net interest margins (NIMs) in the fiscal year 2026. They expressed confidence in the company’s fundamentals, predicting that any underperformance in the stock could be reversed as market conditions improve.
Looking Ahead
Despite a recent period of modest gains—a 4% increase in the last month compared to a 1% decline in the Sensex index—analysts are bullish about Bajaj Finance’s potential for recovery and growth. Mirae Asset Sharehan, another financial institution, has maintained its ‘Buy’ rating following the company’s strong Q2 results, adjusting its price target to Rs 9,500. With a 52-week high of Rs 7,830 per share achieved on January 9, 2024, and an all-time peak of Rs 8,190 on October 6, 2023, market observers will be watching Bajaj Finance closely for future developments.
As a leading player in the non-banking financial company (NBFC) sector in India, Bajaj Finance continues to be an integral component of investor portfolios, reflecting strong performance and potential in the rapidly evolving financial landscape.
For ongoing updates and insights, stay tuned to Smart Money Mindset.
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