Wed, Dec 11, 2024
Post the company's investor presentation, global brokerage Morgan Stanley has suggested a target of Rs 9,000 per share -implying potential gains of 30 per cent.
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Wed, Oct 23, 2024
Amid higher provisioning and loan losses which soared 77 per cent on-year to Rs 1,909 crore, Bajaj Finance posted a weak set of Q2 results.
Mon, Oct 21, 2024
Bajaj Finance during Q2FY25 is expected to post over 13 per cent increase in net profit on the back of likely improvement in fee income.
Wed, Sep 18, 2024
Bajaj Finance share price: Bajaj Finance share price traded with sharp gains as the global brokerage maintained an overweight call on the stock.
Thu, Aug 08, 2024
Among banking stocks, HDFC Bank, Federal Bank, State Bank of India, and AU Bank were trading higher on BSE, while IDFC First Bank, Bank of Baroda, Axis Bank, and ICICI Bank were down. Among auto stocks, Tata Motors, Samvardhana Motherson International, Mahindra and Mahindra, and Ashok Leyland were trading higher, while Bharat Forge, Eicher Motors, Bajaj Auto, Maruti Suzuki, and Hero MotoCorp were down.
Wed, Jul 24, 2024
After increased credit cost during Q1 weighed on Bajaj Finance Q1 financials, global brokerages reduced the target price on the stock.
Tue, Jul 23, 2024
Ahead of its results later today, NBFC major Bajaj Finance traded on a subdued note in Tuesday’s trade. At the last count, Bajaj Finance was down 0.5 per cent or Rs 36.2 at Rs 6,846, while the Nifty index traded with a cut of 0.2 per cent.
Thu, Jul 04, 2024
After the bluechip company Bajaj Finance released its June quarter business update, its shares will gain traction today. Brokerages have a mixed view on the counter, with Morgan Stanley remaining overweight.
Fri, May 03, 2024
The RBI had stopped the NBFC from sanctioning and disbursing loans under its lending products eCOM and Insta EMI Card. The ban was imposed in November. After the lifting of restrictions, the company can now sanction and disburse loans under the two segments.
Mon, Apr 29, 2024
The stock market on Monday opened on a high note with BSE Sensex and Nifty 50 trading in positive territory. For investors seeking stock investment, Axis Direct has picked as many as 10 stocks and has given its calls.
Bajaj Finance witnessed a significant 7% drop in share price on April 26, immediately after announcing its Q4 financial results. Despite reporting a 21% year-on-year rise in consolidated net profit to Rs 3,825 crore, the company's shares took a hit as investors digested the data.
Fri, Apr 26, 2024
"Demand for credit has remained strong over the last few quarters, especially in the retail segment that includes personal loans and credit card spends, driven by consumer spending," said the Reuters report.
Tue, Apr 23, 2024
There would also likely be a holding company discount for BHFL's market price, it added.
Mon, Apr 08, 2024
"In order for the Company to comply with the regulatory timelines stipulated under the regulations applicable to companies classified as NBFC - Upper Layer, the Board of Directors of the Company will undertake discussions with respect to the mandatory listing requirement, including considering various options based on the prevailing market conditions, at its meeting scheduled on April 24, 2024," said Bajaj Finance in a statement.
Thu, Jan 25, 2024
Bajaj Finance Q3 preview: Furthermore, asset quality is expected to remain steady, with gross non-performing assets as a percentage of total loans declining to 0.9 per cent
Wed, Nov 22, 2023
Zee Business brings to you 3 stocks recommended by brokerage firms to keep an eye out for.
Wed, Oct 04, 2023
Bajaj Finance shares hit fresh 52-week highs after reporting strong Q2 results. As per the company, new loans booked surged 26%, AUM grew 33%, and liquidity position remained strong. Brokerages are bullish on the stock, with Morgan Stanley raising its target price to Rs 10,300.
Mon, Sep 25, 2023
Bajaj Finance shares jumped on Monday after the company said it will consider raising funds through preferential issuance of shares and qualified institutional placement (QIP). The stock gained by Rs 264.5, or 3.5%, to touch Rs 7,737 apiece at the strongest level of the day so far. The move to raise capital comes after a gap of four years in a sign of stronger-than-expected medium-term loan growth and will help the company drive its long-term growth.
Tue, Jul 04, 2023
Why the rise in Bajaj Finance? Brokerages view on Bajaj Finance
Wed, Mar 15, 2023
Bajaj Finance growth is slowing down mainly due to size and competition. The company has already a 23 per cent CAGR which no other Indian bank, NBFC or HFC has witnessed in the last couple of decades, and it has a 45 per cent market share amongst NBFCs in commercial/personal loans wherein competition is increasing from banks. The cost of funds is likely to be 250 bps higher than large banks which makes BAF uncompetitive.
Fri, Jan 27, 2023
Pune-based Bajaj Finance's interest income increased to Rs 9,273.4 crore for the three-month period, up 27.6 per cent on a year-on-year basis, according to a regulatory filing.
Wed, Jan 25, 2023
Bajaj Finance Q3 Results Preview: The company is expected to report a 41 per cent jump in consolidated net profit to Rs 3,000 crore for the quarter ended December 2022, according to Zee Business research.
Fri, Oct 21, 2022
. The downtrend was seen despite the Bajaj Group company reporting heathy numbers in the July-September quarter of the current fiscal.
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