Bajaj Finance Shares Surge 4% Following Strong Q4 Earnings Report
Bajaj Finance shares jump 4% after strong Q4 results. Why Jefferies, Morgan Stanley and others are bullish
The Economic TimesImage: The Economic Times
Bajaj Finance's shares rose by 4.2% to ₹969.40 after reporting a 22% year-on-year profit increase to ₹5,553 crore for Q4. Analysts from Jefferies and Morgan Stanley remain bullish, citing strong asset growth and improved credit costs, with target prices set at ₹1,210 and ₹1,120 respectively.
- 01Bajaj Finance's Q4 profit increased by 22% year-on-year.
- 02Assets under management reached ₹5.09 lakh crore, up from ₹4.16 lakh crore.
- 03Analysts predict robust loan growth of 23% CAGR over FY26-29.
- 04Jefferies maintains a target price of ₹1,210, while Morgan Stanley raises its target to ₹1,120.
- 05The company's capital adequacy ratio stands at 21.55%, indicating strong financial health.
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Bajaj Finance's shares experienced a 4.2% increase, reaching a high of ₹969.40 on the Bombay Stock Exchange (BSE) following the announcement of its Q4 results. The company's profit surged 22% year-on-year to ₹5,553 crore, compared to ₹4,546 crore in the same quarter last year. Additionally, Bajaj Finance's assets under management (AUM) surpassed ₹5 lakh crore, totaling ₹5.09 lakh crore as of March 2026, marking a 22% increase from the previous year. The company reported strong business momentum, with 12.89 million new loans booked in Q4, a 20% rise from 10.7 million a year earlier, and a 17% year-on-year growth in its customer base to 119.33 million. Analysts are optimistic about the company’s future, with Jefferies maintaining a 'Buy' rating and setting a target price of ₹1,210, indicating a potential upside of 30%. Meanwhile, Morgan Stanley raised its target price to ₹1,120, reflecting a 20% upside, citing improvements in credit costs and strong profit before tax growth. Overall, Bajaj Finance's robust financial performance and strategic growth outlook position it favorably in the market.
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The strong performance of Bajaj Finance may lead to increased investor confidence, potentially impacting share prices and investment in the financial sector.
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