Bajaj Finance Stocks Jump 6% At A Record High, Here's Why

Bajaj Finance shares soared 6% to an all-time high on Thursday after reporting a strong quarterly profit, driven by solid loan growth. Analysts believe this signals strong earnings potential for the next fiscal year. 

Bajaj Finance and its holding company, Bajaj Finserv, gained 2.6% and 1.3%, respectively, ranking among the top performers in India’s Nifty 50 index, which was up 0.6% at 10:33 a.m. IST.

Bajaj Finance: Growth Forecast

The lender posted an 18% year-on-year profit increase for the quarter ending Dec. 31 and projected a 22%-23% profit growth for the fiscal year ending March 2026.

Following the results, at least 12 analysts raised their target prices for Bajaj Finance, with the median target rising to ₹8,500 from ₹8,110, according to LSEG data. Morgan Stanley noted that Bajaj Finance is well-positioned for robust earnings in 2025-26, calling it an ‘interesting large-cap in a tough market’. 

Bajaj Finance: Asset Quality 

While many Indian lenders face asset quality stress from unsecured lending, Bajaj Finance’s asset quality is stabilizing after a brief surge, according to Jefferies.

Bajaj Finance: Stock Price

Bajaj Finance shares have climbed over 17% in January, outperforming the Nifty 50 and finance index, both down 1.6%. Bajaj Finance reported an 18% year-on-year profit increase for the quarter ending December 31, driven by solid loan growth. The company expects profit growth of 22%-23% for the fiscal year ending March 2026.

The company confirmed that its managing director, Rajeev Jain, will remain involved post-tenure, a "smooth succession move" that could boost short-term investor confidence, Morgan Stanley stated.