Bajaj Finance Ltd Share Price – NSE /  BSE

Finance, Mid Cap

Bajaj Finance will hold a meeting of the Board of Directors of the Company on 29 January 2025.

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Customer franchise as of 31 December 2024 stood at 97.12 million as against 80.41 million as of 31 December 2023.

Assets under management (AUM) jumped by 28% to approximately Rs 398,000 crore as of 31 December 2024 as compared to Rs 310,968 crore as of 31 December 2023.

The company’s deposits book was around Rs 68,800 crore as of 31 December 2024 as compared to Rs 58,008 crore as of 31 December 2023, up 19%.

Bajaj Finance is one of India’s leading and most diversified financial services companies. The company is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME, and commercial customers with a significant presence.

Bajaj Finance's consolidated net profit jumped 13.03% to Rs 4,013.74 crore on a 27.72% rise in total income to Rs 17,095.41 crore in Q2 FY25 over Q2 FY24.

Shares of Bajaj Finance rose 0.32% to end at Rs 7,411.50 on the BSE on Friday.

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The brokerage reiterated its Buy rating on the stock with a price target of Rs 8,150.

The brokerage cited expectations of stable loan growth and a positive outlook for net interest margins (NIMs), projecting a 3-5 basis point (bps) improvement. However, the report emphasized that updates on the company's ongoing management transition will be crucial in assessing its long-term prospects.  

Bajaj Finance is engaged in lending and allied activities. It focuses on consumer lending, small and medium-sized enterprises (SME) lending, commercial lending, rural lending, fixed deposits and value-added services.

Bajaj Finance's consolidated net profit jumped 13.03% to Rs 4,013.74 crore on 27.72% rise in total income to Rs 17,095.41 crore in Q2 FY25 over Q2 FY24.

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Bajaj Finance Ltd rose for a fifth straight session today. The stock is quoting at Rs 7128.8, up 0.04% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.08% on the day, quoting at 24528.95. The Sensex is at 81248.89, down 0.05%. Bajaj Finance Ltd has added around 8.85% in last one month.

Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has added around 6.12% in last one month and is currently quoting at 24726.95, down 0.43% on the day. The volume in the stock stood at 7.12 lakh shares today, compared to the daily average of 10.14 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 7143.75, up 0.11% on the day. Bajaj Finance Ltd is down 4.62% in last one year as compared to a 15.8% gain in NIFTY and a 14.72% gain in the Nifty Financial Services index.

The PE of the stock is 32.4 based on TTM earnings ending September 24.

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