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Bajaj Finance Ltd

(BAJFINANCE)

₹6895.950.12%

as on 04:01PM, 08 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Bajaj Finance Ltd Analyst Rating

based on 31 analysts

BUY

68.97%

Buy

17.24%

Hold

13.79%

Sell

Based on 31 analysts offering long term price targets for Bajaj Finance Ltd. An average target of ₹8019.32

Source: S&P Global Market Intelligence

Bajaj Finance Ltd Share analysis

Bajaj Finance Ltd price forecast by 31 analysts

Upside of16.29%

High

₹10000

Target

₹8019.32

Low

₹5700

Bajaj Finance Ltd target price ₹8019.32, a slight upside of 16.29% compared to current price of ₹6895.95. According to 31 analysts rating.

Source: S&P Global Market Intelligence

Bajaj Finance Ltd Performance

  • Day's Low

    Day's High

    ₹6,841
    ₹6,951.55
  • 52 Week's Low

    52 Week's High

    ₹6,187.8
    ₹7,830
1 Month Return-5.54 %
3 Month Return+ 4.2 %
1 Year Return-6.64 %
Previous Close₹6,904.50
Open₹6,904.50
Volume4.25L
Upper Circuit-
Lower Circuit-
Market Cap₹4,27,386.11Cr

Bajaj Finance Ltd Key Statistics

P/E Ratio27.66
PEG Ratio0.86
Market Cap₹4,27,386.11 Cr
P/B Ratio6.24
EPS233.84
Dividend Yield0.5
SectorFinance
ROE20.48

Bajaj Finance Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹4,27,386.11 Cr13.08%0.88₹14,451 Cr₹54,971 Cr
HOLD₹50,674.37 Cr-9.13%0.51-₹1,423 Cr₹9,977 Cr
BUY₹73,220.99 Cr33.92%0.85₹4,467 Cr₹15,061 Cr
BUY₹2,76,174.64 Cr19.08%0.50₹15,595 Cr₹1,10,382 Cr
BUY₹1,07,828.75 Cr64.97%0.94₹3,410 Cr₹19,163 Cr

About Bajaj Finance Ltd

Bajaj Finance Limited is a leading non-banking financial company (NBFC) in India, primarily operating in the financial services sector. It was incorporated in 1987 and is headquartered in Pune, Maharashtra, with its registration under the Company Identification Number (CIN) L65910MH1987PLC042961. Bajaj Finance provides a wide range of financial products and services, including personal loans, home loans, vehicle financing, SME loans, and wealth management, catering to both retail and corporate clients.

The company operates primarily in India and has several subsidiaries, including Bajaj Housing Finance Limited and Bajaj Financial Securities Limited, which offer specialized services in housing finance and securities trading, respectively. A notable fact about Bajaj Finance is its robust growth in digital lending, leveraging technology to enhance customer experience and expand its reach. As a part of the Bajaj Group, Bajaj Finance benefits from the group’s extensive network and reputation in the market.

Share Price: ₹6895.95 per share as on 08 Nov, 2024 04:01 PM
Market Capitalisation: ₹4,27,386.11Cr as of today
Revenue: ₹17,098.86Cr as on September 2024 (Q3 24)
Net Profit: ₹4,013.74Cr as on September 2024 (Q3 24)
Listing date: 09 Feb, 1995
Chairperson Name: Sanjiv Bajaj
OrganisationBajaj Finance Ltd
HeadquartersPune
IndustryFinance
E-voting on sharesClick here to vote

Key events for Bajaj Finance Ltd

  • Fraud Alert Involving Bajaj Finance Representatives - 08 Nov, 2024

    Hyderabad Cybercrime police reported a series of fraud calls targeting a victim, with scammers impersonating Bajaj Finance representatives and promoting a pension plan via WhatsApp.

  • Bajaj Finance Secures IFC Loan and Launches Fund - 07 Nov, 2024

    Bajaj Finance received a $400 million loan from IFC to support EV lending and women-owned enterprises. Additionally, Bajaj Finserv launched a Consumption Fund targeting India's growing consumer market, despite reporting a decline in net profit.

  • IFC Invests $400 Million in Bajaj Finance for Climate Goals - 06 Nov, 2024

    The International Finance Corporation (IFC) has committed $400 million to Bajaj Finance to expand access to climate finance for electric vehicles and support women-owned businesses. This investment aims to quadruple Bajaj's climate loans by 2027, enhancing financial inclusion and competitiveness in the climate finance sector.

  • Bajaj Finance Tightens Credit Amid Rising Stress - 04 Nov, 2024

    Bajaj Finance is tightening credit exposure due to increasing stress in retail and SME portfolios. Recent measures have reduced borrowers with multiple loans significantly.

  • Bajaj Finance Implements Tighter Underwriting, Launches Tax Platform - 30 Oct, 2024

    Bajaj Finance's MD noted rising default risks among clients with multiple unsecured loans, leading to stricter underwriting. Additionally, Bajaj Finserv launched a user-friendly online tax payment platform for municipalities.

  • Bajaj Finance Raises Funds Amid Asset Quality Concerns - 28 Oct, 2024

    Bajaj Finance raised Rs 1,384.17 crore through NCDs while facing asset quality challenges, prompting increased credit cost guidance. Meanwhile, Bajaj Finserv offers discounts on mobile devices, enhancing customer access through EMI options.

  • Bajaj Finserv Offers Flexible Financing Options - 26 Oct, 2024

    Bajaj Finserv promotes its financing options, including Easy EMI and zero down payment schemes, enhancing customer convenience and accessibility for a wide range of products.

  • Bajaj Finance Highlights Festive Offers and Strong Ratings - 25 Oct, 2024

    Bajaj Finance Ltd. is recognized as a leading NBFC with a diversified portfolio and high credit ratings. Additionally, Bajaj Finserv is promoting a Dhanteras Sale with attractive discounts and flexible payment options to enhance customer shopping experiences.

  • Bajaj Finance Receives Mixed Ratings Amid Earnings Reports - 24 Oct, 2024

    Bajaj Finance sees mixed analyst ratings following Q2FY25 results. HSBC upgrades to Buy with a target of Rs 7,740, while Motilal Oswal maintains Neutral at Rs 7,320. KR Choksey raises its target to Rs 8,066, highlighting strong AUM growth.

  • Bajaj Finance Reports Strong Q2, Analysts Adjust Targets - 23 Oct, 2024

    Bajaj Finance's Q2 FY25 net profit rose 13% to ₹4,013.7 crore, boosted by a one-time gain. Brokerages raised target prices, while shares rallied 6.1%. However, analysts adjusted targets downward due to increased credit cost guidance.

  • Bajaj Finance Reports Profit Growth Amid Challenges - 22 Oct, 2024

    Bajaj Finance reported a 13% YoY profit increase for Q2 FY25, while Allianz SE considers exiting its insurance ventures with Bajaj. The company also raised credit cost guidance due to rural business challenges, reflecting cautious optimism despite asset quality concerns.

  • Bajaj Finance Reports Strong Q2 Earnings Growth - 21 Oct, 2024

    Bajaj Finance announced a 21% year-on-year increase in net profit for Q2 FY25, reaching ₹545.6 crore. The company also reported a 21.1% rise in revenue from operations, reflecting strong performance post-IPO.

  • Bajaj Finance Receives Positive Ratings and Recommendations - 19 Oct, 2024

    Bajaj Finance has been highlighted as a top Diwali stock pick by JM Financial, with a target price of ₹8,552. Additionally, Moody's assigned a Baa3 rating, indicating investment grade status, reflecting the company's strong market position and growth potential.

  • Bajaj Finance Receives First-Time Baa3 Rating from Moody's - 18 Oct, 2024

    Bajaj Finance Ltd has received a first-time Baa3 investment grade rating from Moody's, reflecting its strong market position, diversified loan portfolio, and stable outlook. The company is expected to continue expanding its market share with projected assets under management of Rs 3.5 trillion by June 2024.

  • Axis Securities Recommends Bajaj Finance Amid Challenges - 15 Oct, 2024

    Axis Securities has a Buy rating on Bajaj Finance, projecting an 11% upside with a target price of ₹8,030. Despite recent declines, strong fundamentals and AUM growth of 31% YoY are promising. However, net interest margins face headwinds, and the stock has fallen 6.5% in the past month.

  • Bajaj Finance Shares Flat Amid Lock-In Expiry - 14 Oct, 2024

    On October 14, the one-month lock-in period for Bajaj Finance shareholders ended, allowing 12.6 crore shares to be eligible for trading. Shares traded flat at Rs 7,230.60, down 0.98%.

  • SEBI Clarifies Related Party Transaction for Bajaj Finserv - 11 Oct, 2024

    On October 11, 2024, SEBI clarified that Bajaj Finserv's reinsurance agreement with Allianz SE qualifies as a related party transaction, necessitating shareholder approval and disclosures.

  • Bajaj Finance Launches Hassle-Free New Car Loans - 10 Oct, 2024

    Bajaj Finance Limited introduces new car loans with simple eligibility, minimal documentation, and financing up to Rs. 10 crore, covering 100% on-road price. The streamlined approval process and flexible repayment options enhance accessibility for customers seeking quick car financing.

Insights on Bajaj Finance Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 9.15% to 9.50% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 14 quarters, 1.00K Cr → 3.99K Cr (in ₹), with an average increase of 9.5% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 14 quarters, 6.74K Cr → 17.09K Cr (in ₹), with an average increase of 6.9% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 54.70% of holdings in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Shriram Finance Ltd has given 54.8% return, outperforming this stock by 61.4%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cholamandalam Investment & Finance Company Ltd has given 97.0% return, outperforming this stock by 106.0%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 year, BAJFINANCE stock has moved down by -6.6%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 9.83% to 9.35% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 17.77% to 17.73% in Sep 2024 quarter

News

Buy Ashok Leyland; target of Rs 285: Sharekhan

Sharekhan is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 285 in its research report dated July 26, 2024.31 Jul, 2024 12:28 PM

Accumulate Ashok Leyland; target of Rs 282: KR Choksey

KR Choksey recommended accumulate rating on Ashok Leyland with a target price of Rs 282 in its research report dated July 30, 2024.31 Jul, 2024 01:15 PM

Ashok Leyland stock climbs to new peak

Ashok Leyland stock soars to new heights post Q1 results, analysts bullish on future growth prospects.31 Jul, 2024 08:37 PM
View More

Bajaj Finance Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹13,384.23Cr (-)₹14,168.54Cr (↑5.86%)₹14,934.99Cr (↑5.41%)₹16,104.83Cr (↑7.83%)₹17,098.86Cr (↑6.17%)
Net Income₹3,550.80Cr (-)₹3,638.95Cr (↑2.48%)₹3,824.53Cr (↑5.10%)₹3,911.98Cr (↑2.29%)₹4,013.74Cr (↑2.60%)
Net Profit Margin26.53% (-)25.68% (↓3.20%)25.61% (↓0.27%)24.29% (↓5.15%)23.47% (↓3.38%)
Value in ₹ crore
Details2021202220232024
Total Assets₹1,38,320.43Cr (-)₹1,68,047.24Cr (↑21.49%)₹2,16,570.73Cr (↑28.87%)₹2,96,686.57Cr (↑36.99%)
Total Liabilities₹1,02,381.69Cr (-)₹1,25,991.36Cr (↑23.06%)₹1,65,077.60Cr (↑31.02%)₹2,24,676.04Cr (↑36.10%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow-₹14,110.33Cr (-)₹4,385.94Cr (↓131.08%)-₹23,855.66Cr (↓643.91%)-₹27,302.41Cr (↑14.45%)-₹54,337.69Cr (↑99.02%)

Index Inclusions

Nifty Financial

₹23,834.55

-0.55 (-132.05%)

SENSEX

₹79,486.32

-0.07 (-55.47%)

BSE 100

₹25,503.64

-0.32 (-81.81%)

S&P BSE SENSEX 50

₹25,409.08

-0.16 (-40.44%)

S&P BSE Dividend Stability

₹1,025.46

-0.67 (-6.94%)

NIFTY 50

₹24,148.20

-0.21 (-51.15%)

NIFTY 100

₹25,002.95

-0.43 (-107.75%)

Nifty100 Eq Weig

₹32,286.70

-0.78 (-254.4%)

S&P BSE 250 LargeMidCap

₹10,536.53

-0.57 (-60.03%)

BSE 200

₹11,109.17

-0.53 (-59.47%)

S&P BSE Fin. Ser

₹11,491.70

-0.74 (-85.09%)

DFRGRI Indices

₹1,447.38

-0.65 (-9.42%)

Nifty 100 Liquid 15

₹6,432.65

-0.9 (-58.3%)

S&P BSE 100 LargeCap TMC

₹9,010.09

-0.38 (-33.95%)

Nifty Services Sector

₹31,768.50

-0.29 (-92.2%)

Nifty LargeMidcap 250

₹15,789.35

-0.87 (-138.5%)

Nifty 200

₹13,602.30

-0.58 (-79.45%)

S&P BSE Largecap

₹9,380.26

-0.43 (-40.05%)

Nifty 500

₹22,645.65

-0.7 (-160.6%)

BSE 500

₹35,663.87

-0.67 (-239.76%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Bajaj Finance Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
54.7%
0.00
Foreign Institutions
17.73%
-0.24
Mutual Funds
9.5%
3.77
Retail Investors
9.35%
-4.85
Others
8.73%
2.03

Bajaj Finance Ltd Key Indicators

Details20202021202220232024
Return On Equity %1911.6816.282220.48
Details20202021202220232024
Return On Assets %3.813.24.185.314.87
Details20202021202220232024
Book Value Per Share (₹)538.84613.67724.56899.531236.22
Details20202021202220232024
Earning Per Share (₹)87.7473.47116.5190.38233.84

Bajaj Finance Ltd Valuation

Bajaj Finance Ltd in the last 5 years

  • Overview

  • Trends

Lowest (20.34x)

May 26, 2020

Industry (26.86x)

November 8, 2024

Today (27.66x)

November 8, 2024

Highest (106.44x)

September 23, 2021

LowHigh

Bajaj Finance Ltd Earnings and Dividends

  • Bajaj Finance Ltd Earnings Results

    Bajaj Finance Ltd’s net profit jumped 12.64% since last year same period to ₹3,999.73Cr in the Q2 2024-2025. On a quarterly growth basis, Bajaj Finance Ltd has generated 2.24% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Bajaj Finance Ltd Dividends April,2024

    In the quarter ending March 2024, Bajaj Finance Ltd has declared dividend of ₹36 - translating a dividend yield of 0.96%.

    Read More about Dividends

Bajaj Finance Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Bajaj Finance Ltd is currently in a Bearish trading position according to technical analysis indicators.

FAQs on Bajaj Finance Ltd

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Bajaj Finance Ltd (BAJFINANCE) share price today is ₹6895.95

Bajaj Finance Ltd is listed on NSE

Bajaj Finance Ltd is listed on BSE

  • Today’s highest price of Bajaj Finance Ltd is ₹6951.55.
  • Today’s lowest price of Bajaj Finance Ltd is ₹6841.

PE Ratio of Bajaj Finance Ltd is 27.66

PE ratio = Bajaj Finance Ltd Market price per share / Bajaj Finance Ltd Earnings per share

Today’s traded volume of Bajaj Finance Ltd(BAJFINANCE) is 4.25L.

Today’s market capitalisation of Bajaj Finance Ltd(BAJFINANCE) is ₹427386.11Cr.

Bajaj Finance Ltd(BAJFINANCEPrice
52 Week High
₹7830
52 Week Low
₹6187.8

Bajaj Finance Ltd(BAJFINANCE) share price is ₹6895.95. It is down -11.93% from its 52 Week High price of ₹7830

Bajaj Finance Ltd(BAJFINANCE) share price is ₹6895.95. It is up 11.44% from its 52 Week Low price of ₹6187.8

Bajaj Finance Ltd(BAJFINANCEReturns
1 Day Returns
-8.55%
1 Month Returns
-5.54%
3 Month Returns
4.2%
1 Year Returns
-6.64%