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30 Jul 2025 |
Bajaj Finance
|
Consensus Share Price Target
|
884.85 |
977.47 |
- |
10.47 |
buy
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28 Jul 2025
|
Bajaj Finance
|
Sharekhan
|
884.85
|
1000.00
|
880.50
(0.49%)
|
13.01 |
Buy
|
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|
Net earnings beat estimates by 2.8% (up by 21.8% y-o-y and 4.8% q-o-q) to Rs. 4,765 crore driven by healthy AUM growth, lower opex and credit cost that was below estimates. NII was almost in line with estimates, growing by 22.3%/4.3% (y-o-y/q-o-q) to Rs. 10,227 crore.
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25 Jul 2025
|
Bajaj Finance
|
Prabhudas Lilladhar
|
884.85
|
900.00
|
913.75
(-3.16%)
|
Target met |
Hold
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AUM grew 25% YoY to Rs 4,414.5 bn; we expect a similar run-rate in FY26E as the company adds new verticals (Cars, Gold, MFI) and customers (~14-16 mn). Expect NIM to improve by ~10 bps in FY26 supported by a lower cost of borrowing. Credit cost continues to be elevated in the quarter (at 2%) on account of higher stress in the auto/ MSME portfolio. Expect a moderation in FY26, factoring a healthy trend in early-stage delinquencies. We make minor changes to our FY26/FY27 estimates and assign a multiple of 3.9x (unchanged) on Mar'27 ABV with a TP of Rs 900. While we are positive on the growth outlook...
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25 Jul 2025
|
Bajaj Finance
|
Axis Direct
|
884.85
|
1100.00
|
913.75
(-3.16%)
|
24.31 |
Buy
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We maintain our BUY recommendation on the stock.
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24 Jul 2025
|
Bajaj Finance
|
Motilal Oswal
|
884.85
|
1000.00
|
958.95
(-7.73%)
|
13.01 |
Neutral
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|
Bajaj Finance’s (BAF) PAT grew 22% YoY to ~INR47.6b in 1QFY26 (in line). The company’s 1QFY26 NII grew 22% YoY to ~INR102.2b (in line). Non-interest income stood at ~INR23.8b (up 16% YoY), aided by higher income from investments in mutual funds.
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15 Jul 2025
|
Bajaj Finance
|
Axis Direct
|
884.85
|
1050.00
|
928.40
(-4.69%)
|
18.66 |
Buy
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We reiterate our BUY recommendation on BAF, valuing it at 4.9x FY27E ABV and arriving at a Target Price of Rs 1,050/share, which implies an upside potential of 14% from the CMP.
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06 Jun 2025
|
Bajaj Finance
|
Axis Direct
|
884.85
|
10225.00
|
9371.50
(-90.56%)
|
Pre-Bonus/ Split |
Buy
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We recommend a BUY on the stock with a target price of Rs 10,225/share, implying an upside 10% from the CMP.
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05 May 2025
|
Bajaj Finance
|
ICICI Direct
|
884.85
|
10000.00
|
8932.00
(-90.09%)
|
Pre-Bonus/ Split |
Hold
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30 Apr 2025
|
Bajaj Finance
|
Axis Direct
|
884.85
|
10500.00
|
8634.50
(-89.75%)
|
Pre-Bonus/ Split |
Buy
|
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|
We maintain our BUY recommendation on the stock.
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30 Apr 2025
|
Bajaj Finance
|
Sharekhan
|
884.85
|
10500.00
|
8634.50
(-89.75%)
|
Pre-Bonus/ Split |
Buy
|
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|
Net earnings in line for Q4FY25. NII grew 22.4% y-o-y/4.5% q-o-q at Rs. 9,807 crore due to lower yield on AUM and reduction of interest rate on select unsecured products. It marginally missed our estimates. NIM at 9.42% (as a percentage of AUM), was almost in line with estimates.
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30 Apr 2025
|
Bajaj Finance
|
BOB Capital Markets Ltd.
|
884.85
|
11025.00
|
8634.50
(-89.75%)
|
Pre-Bonus/ Split |
Buy
|
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|
AUM growth healthy at 26% YoY, guided for 24-25% in FY26, aided by new lines of business, gold, and secured business segments
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30 Apr 2025
|
Bajaj Finance
|
Prabhudas Lilladhar
|
884.85
|
9000.00
|
8634.50
(-89.75%)
|
Target met |
Hold
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be stable in FY26 aided by an improvement in CoF. Credit cost saw a spike in the quarter (at 2.3%) due to a change in ECL assumptions (impact of Rs 3.59 bn). Expect a moderation in FY26 driven by an improvement in early-stage delinquencies. We assign a multiple of 3.9x on Mar'27 ABV with a TP of Rs 9,000. Company has seen a large shift in business mix, growth outlook and...
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21 Mar 2025
|
Bajaj Finance
|
Sharekhan
|
884.85
|
10500.00
|
8916.10
(-90.08%)
|
Pre-Bonus/ Split |
Buy
|
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|
Bajaj Finance’s board has promoted Mr. Rajeev Jain (MD & CEO) to as vice chairman, in the capacity of an executive director for three years with effect from 1 April 2025. Besides, Mr Anup Saha (deputy MD) has been promoted as MD.
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18 Feb 2025
|
Bajaj Finance
|
Geojit BNP Paribas
|
884.85
|
9521.00
|
8465.90
(-89.55%)
|
Target met |
Buy
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30 Jan 2025
|
Bajaj Finance
|
Motilal Oswal
|
884.85
|
8300.00
|
7901.65
(-88.80%)
|
Target met |
Neutral
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Bajaj Finance (BAF)’s reported PAT grew 18% YoY to ~INR43.1b (~5% beat) in 3QFY25. NII grew 23% YoY to INR93.8b (in line). Other operating income at INR22.9b rose 39% YoY (6% beat), driven by improvement in fee income and income from the sale of services.
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30 Jan 2025
|
Bajaj Finance
|
Axis Direct
|
884.85
|
9050.00
|
7901.65
(-88.80%)
|
Target met |
Buy
|
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We maintain our BUY recommendation on the stock.
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29 Jan 2025
|
Bajaj Finance
|
Sharekhan
|
884.85
|
9500.00
|
7759.65
(-88.60%)
|
Target met |
Buy
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Q3 numbers were steady. Management commentary and data suggest that asset quality stress has peaked out, making outlook stable
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29 Jan 2025
|
Bajaj Finance
|
Anand Rathi
|
884.85
|
8810.00
|
7759.65
(-88.60%)
|
Target met |
Buy
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Healthy, 28% y/y, AUM growth, and greater productivity led to Bajaj Finance’s healthy 18% y/y consol. PAT growth. Despite premium valuations, we retain a Buy, on the best-in-class execution skill, improving productivity and stable asset quality
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28 Dec 2024
|
Bajaj Finance
|
BP Wealth
|
884.85
|
8050.00
|
6907.75
(-87.19%)
|
Target met |
Buy
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11 Dec 2024
|
Bajaj Finance
|
Anand Rathi
|
884.85
|
7905.00
|
7115.10
(-87.56%)
|
Target met |
Buy
|
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Bajaj Finance completed its long-range strategy (LRS) 2025-29 meet last week and released an investor presentation. Its targets are lofty; however, with impeccable execution skills, we believe the same are achievable.
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11 Dec 2024
|
Bajaj Finance
|
Motilal Oswal
|
884.85
|
7500.00
|
7115.10
(-87.56%)
|
Target met |
Neutral
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Bajaj Finserv hosted its investor day on 10th Dec’24, wherein the senior management of Bajaj Finance (BAF) led by Mr. Rajeev Jain, MD, unveiled BAF 3.0 – a FINAI company - and gave a sneak peek into its Long-Range Strategy (LRS) 2025-29.
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