Archive · 21 Jul 2026
Bajaj Finance Shares Rally Amid Market Weakness
Bajaj Finance's shares have been going up for five days in a row, even though the overall stock market is not doing well.
This is because the company had a really good first quarter, with lots of new customers and more money in loans.
People are excited about the company's future results, but some experts think the stock might be too high and could go down a bit if the results aren't as good as expected.
The company is also planning to add more customers next year but expects slower growth than before.
Bajaj Finance shares rose for a fifth straight session despite market weakness.
Assets under management grew 23.9% year-on-year to Rs 5.46 lakh crore.
The company added a record 5.1 million customers in the quarter.
Deposits grew nearly 15% from a year earlier to Rs 72,109 crore.
Investors await the June-quarter results on July 30 for further guidance.
- Who
- Bajaj Finance
- What
- Stock rally amid market weakness
- When
- July 21, 2024
- Where
- Mumbai, India
- Why
- Strong June-quarter business growth and expectations around upcoming financial results
Optimistic Investors
Cautious Analysts
Stock Performance
Optimistic Investors
Investors are optimistic about Bajaj Finance's strong business growth and recent stock rally.
Cautious Analysts
Analysts caution that the stock may be overbought and could see short-term profit-booking.
Future Growth
Optimistic Investors
Investors expect continued growth based on strong quarterly performance.
Cautious Analysts
Analysts are cautious about the company's lowered AUM growth target and potential earnings disappointment.
- Current Stock Price
- Rs 1,068.20
- 52-Week High
- Rs 1,102.50
- 52-Week Low
- Rs 787.90
- Market Value
- Rs 6.63 lakh crore
- Price-to-Earnings Ratio
- 35.02
- Assets Under Management (AUM)
- Rs 5.46 lakh crore
- New Customers Added
- 5.1 million
- Total Customer Franchise
- 124.4 million
- Deposits Growth
- 15%
- FY27 AUM Growth Target
- 22%-24%
- Expected Customer Additions for FY27
- 15-17 million
- Relative Strength Index (RSI)
- 71