Bajaj Finance Stock Price: Bajaj Finance shares are seeing a strong boom today. Today, the stock of the company reached about 6 percent to reach 8251 price, which is Altime High for it. It closed at Rs 7760 on Wednesday. The results of the company have been better than the estimate. In the December quarter, the company’s net profit increased by 18 per cent to Rs 4,308 crore, which was Rs 3,650 crore in the same quarter of the previous year. This increase has been seen due to strong loan growth and increased credit demand during the festive season. After the results, most of the brokerage house shares are called. Bajaj Finance has been a multibagger for investors and has given 1878 percent returns in the last 10 years.
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Brokerage House Rating and Target Price
Morgan Stanley
Rating: overweight
Target Price: Rs 9300
Jefferies
Rating: Buy
Target Price: Rs 9270
Nomura
Rating: Buy
Target Price: Rs 9000
HSBC
Rating: Buy
Target Price: Rs 8900
Bernstein
Rating: Underperform
Target Price: Rs 6400
UBS
Rating: Sell
Target Price: Rs 6500
Buy or Sell ICICI Bank: Brokerage Bulish on this banking stock, Buy rating with a high target price of 1550 to 1600 rupees
What to say of brokerage house
Brokerage house Morgan Stanley says that the lower stressed asset formation in the second quarter of the financial year was shown, while the December quarter remained. The management has guided for low credit cast in Q4Fy25. Under the macroeconomic conditions, better visibility of +25% EPS growth in FY 2026 is expected in FY 2026.
Brokerage house Jefferies says the trends of asset quality are getting stable, and the management hopes that Q4FY25 will reduce the credit cast. Brokerage house Nomura says that the company has given a stable quarter with a strong loan growth with the support of strong loan growth in the December quarter with 18% on the annual basis and 7% on the quarter basis. Due to the lower credit cast at 2.1%, the profit was higher than the estimate, while the operating profit was largely estimated. Due to which ROA and ROE were 4% and 19%.
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How to be the results of the company
Bajaj Finance’s profit rose by 18% to Rs 4,308 crore during the third quarter of the current financial year (October-December 2024), which was Rs 3,650 crore in the same quarter last year. This increase has been seen due to strong loan growth and increased credit demand during the festive season.
Bajaj Finance released 1.2 crore (12.06 million) new loans in the October-December 2024 quarter, which is 22% higher than the previous year. Due to this, the company’s net interest income (NII) also rose 23% to Rs 9,382 crore. Bajaj Finance Asset Under Management (AUM) also increased by 28% to Rs 3.98 lakh crore. This figure has been much better than market expectations.
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However, the company had to provide 64% more provisioning to cover the potentially poor loan, which increased to Rs 2,043 crore in this quarter. In the Indian market, the problem of default in the unsecured loan segment such as credit cards and personal loans is increasing, due to which banks and NBFC companies are taking more precautions.
(Disclaimer: Investing in stock is advised by brokerage house. These are not private views of financial express. There are risks in the market, so take the opinion of experts before investment)