Bajaj Finance Share Surged 6.48%, Traded as Sensex’s Top Gainer: Check Live Updates
Posted by : sachet | Thu Jan 02 2025
Bajaj Finance share price was raised by 6.48% at 02:06:43 PM. The intraday high of this stock was Rs 7,385.15, and the day low was Rs 6,971.00. The stock is currently trading at Rs 7,385.90 on 2nd January 2024 (02:06:43). Investors should keep an eye on Bajaj Finance stock price in the coming days or weeks to see its growth potential.
Bajaj Finance share price surged From the previous stock market session on 1st January 2024 as the trading volume surged by around 233%. The positive trend in share price indicates that stock is still left with high growth potential for the coming decades. Moreover
Bajaj Finance Share Price Detail
CMP (Current Market Price): Rs 7,263.90
Intraday Gain Today: 4.86%
Intraday High: Rs 7,272.15
Intraday Low: Rs 6,971.00
Median Target Price: Rs 8,120.00
Lowest Target Price: Rs 5,700.00
Global Brokerage Citi is bullish for Bajaj Finance share and reported that NIM bias may rise from 3 to 5 basis points. Citi shared their opinion that a marginal uptick in Q3 credit costs 2.2% to 2.5%. Moreover, Citi is also expecting 6% Quarter-Over-Quarter and 7% You growth by mortgages, securities lending, new businesses, and sales financing.
Financials of Bajaj Finance Ltd.
As of September 2024, the revenue of Bajaj Finance Ltd grew at 16.31% YoY and the net income was 4,000 crores (12.64% up YoY. The market capitalisation of Bajaj Finance Ltd. stood at Rs 4,51,000, and operating income showed a growth of 13.46% to reach 5,400 crores. Here are the financial details of Bajaj Finance Ltd. for a better understanding.
| Year Ended | March 2024 (in cr) | March 2023 (in cr.) | March 2022 (in cr.) | March 2021 (in cr.) |
| Gross Revenue | 45,953.07 | 34,582.82 | 23,369.16 | 23,671.83 |
| Profit Before Tax | 17,053.08 | 13,881.51 | 8586.40 | 5,362.88 |
| Total Debt | 3,75,742 | 2,75,226 | 2,12,506 | 1,71,470 |
| Cash Flow | 2,484 | (-1,831) | 1,532 | 505 |
*Data is updated as of 2nd January 2025.
Bajaj Financial Technicals
Here are the technical indicators reflecting the strong growth potential of Bajaj Finance shares in the coming decades.
| Key Technical Indicators | Value |
| PE Ratio | 29.31 |
| EPS (Earning-Per-Share) | 64.50 (up by 12.64%) |
| PB Ratio | 5.68 |
| ROC | 6.946 |
| Dividend Yield | 0.49 |
| Market Capitalisation | Rs 4,51,000 crores |
*Data is updated as of 2nd January 2025.
Future Outlook
Bajaj Finance is also confident in its earning growth. Analysts acclaimed that the stock could reverse from its underperformance due to receding headwinds. Most analysts gave a “Buy” rating on Bajaj Finance shares and provided a target price of Rs 9,500.
The stock is indicating strong growth momentum and is ready to deliver effective returns in the coming time. Moreover, analysts also remain optimistic for the long-term growth of Bajaj Finance Ltd. and claim that the company is ready to show sustainable earnings growth and competitiveness.
Note: Investment in the stock market is subject to risk. It is essential to conduct your own research before investing in it. You can consider recommendations from expert financial advisors or investment advisory companies like Univest to diversify your portfolio.
