Bajaj Finance Ltd Share Price (BAJFINANCE)

Mixed Views on Bajaj Finances Future Performance - 23 Apr, 2024

Global brokerage firm UBS has shared a sell call on Bajaj Finance, while Emkay Global initiated coverage with a Buy rating and a target price of Rs 9,000 per share. Meanwhile, analysts expect strong quarterly performance from Bajaj Finance, with an estimated consolidated net profit of Rs 3,750 crore for Q4FY24.

Bajaj Finance Rises Amidst Market Recovery - 22 Apr, 2024

Bajaj Finance saw a rise in its stock price and open interest amidst a market recovery from a four-day losing streak. The company was also among the top five stocks with long buildup in F&O trading.

Bajaj Finance and Shriram Finance Hike Fixed Deposit Rates - 11 Apr, 2024

Bajaj Finance and Shriram Finance have increased their fixed deposit rates to compensate for lower bank borrowings. Non-bank lenders are turning to more expensive options like deposits and bonds.

Bajaj Finance Receives Positive Coverage and Anticipated Listing Price - 09 Apr, 2024

Bajaj Finance receives positive coverage from ICICI Securities with a BUY rating and target price of Rs 8,500. PhillipCapital anticipates the listing of subsidiary Bajaj Housing Finance in September 2025 with an expected price of Rs 550-570 per share. Earlier this month, Bajaj Finance increased its deposit rates for senior citizens.

Bajaj Finance Announces Hike in Fixed Deposit Rates - 08 Apr, 2024

Bajaj Finance has announced an increase in fixed deposit rates for both senior and non-senior citizens. ICICI Securities initiated coverage on the company with a buy rating and a target price of Rs 8,500.

Bajaj Housing Finance to Discuss Listing on Exchanges - 07 Apr, 2024

Bajaj Housing Finance, a 100% subsidiary of Bajaj Finance, will discuss listing the company on exchanges to meet RBI's requirements for an upper-layer NBFC. The company's AUM increased by 34% YoY to Rs 3,30,400 crore in Q4 FY24, while deposits grew by 35% YoY to nearly Rs 60,100 crore. However, new loans booked were affected due to restrictions imposed by RBI citing regulatory deficiencies.

Bajaj Housing Finance Board to Discuss Mandatory Listing Requirement - 06 Apr, 2024

Bajaj Housing Finance, a subsidiary of Bajaj Finance, will hold a board meeting on April 24 to discuss strategies for complying with its mandatory listing requirement as an NBFC-Upper Layer by the Reserve Bank of India. The company is required to be listed on exchanges on or before September 30, 2025. Last month, reports suggested that the housing finance company has commenced discussions with multiple investment banks regarding a possible IPO.

Bajaj Finance Reports Robust AUM Growth in Q4FY24 - 05 Apr, 2024

Bajaj Finance reports a 34% YoY increase in AUM to Rs 3.3 lakh crore in FY24 and Jefferies maintains a buy call with a target price of Rs 9,400. Citigroup also reiterates its buy rating with a target price of Rs 8,975.

Bajaj Finance Aims to Become Omnipresent Financial Services Provider - 03 Apr, 2024

Bajaj Finance plans to cover all consumer touchpoints, including physical branches, mobile apps, and the internet. The goal is to reach more customers, improve customer loyalty, increase cross-selling opportunities, and better margins. Bajaj aims for 100-120 million customers by 2027 with a market share of 1-1.25% of payments GMV, 2-2.75% of credit, and 3.5-3.75% of retail credit.

Bajaj Finance Rises for Seventh Consecutive Session - 30 Mar, 2024

Bajaj Finance Ltd's stock rose by 3% to Rs 7,245 on the NSE for the seventh consecutive session. The stock has formed a long bullish candlestick pattern with robust volumes, and analysts recommend retaining an optimistic stance with a target of Rs 7,750.

Bajaj Finance Subsidiary Plans IPO, Shares Surge - 28 Mar, 2024

Bajaj Housing Finance, a subsidiary of Bajaj Finance Ltd., has initiated discussions with investment banks for a potential IPO aimed at meeting regulatory requirements. The IPO is expected to value the company between $9-10 billion, with a tentative size of $1 billion. JPMorgan maintains an overweight rating on Bajaj Finance with a target price of Rs 8500. Bajaj Finance shares surge up to 4% after RBI relaxes rules regarding provisions for investments in AIFs by regulated entities.

Bajaj Housing Finance Plans IPO - 27 Mar, 2024

Bajaj Housing Finance, a subsidiary of Bajaj Finance, is reportedly planning to go public with a tentative size of $1 billion and expected valuation of $10 billion. The mortgage lender may be listed on the bourses by end 2024 or early 2025.

Bajaj Finance Stock Up on Overweight Rating by Morgan Stanley - 26 Mar, 2024

Bajaj Finance Ltd's stock is up 2.41% to Rs 6923.85 on the NSE following an overweight rating from Morgan Stanley with a target price of Rs 9,250.