Archive · 25 Jul 2025
Nirmal Bang: 'Hold' on Bajaj Finance, Limited Upside Ahead
Imagine a company called Bajaj Finance, like a big store where people can borrow money.
Experts at Nirmal Bang, a company that gives advice on investments, looked at Bajaj Finance and said, 'Hold on to your shares.'
They think the price might go up a little, but not a lot.
The company is doing well; it made more money in its recent quarter.
They added a lot of new customers and gave out many new loans.
The company's boss is back in charge, but they are also planning who will take over in the future.
Nirmal Bang maintained a 'Hold' rating on Bajaj Finance.
Target price set at Rs 978, with 2% upside potential.
NII grew 22%, PPOP at 18%, and PAT at 21% in Q1FY26.
AUM grew 25% annually with 4.7M new customers and 13.5M new loans.
Rajiv Jain returns to operating role; succession plan requested.
- Who
- Nirmal Bang and Bajaj Finance.
- What
- Nirmal Bang maintained a 'Hold' rating on Bajaj Finance stock.
- When
- Following an evaluation of Q1FY26 performance.
- Where
- Not explicitly mentioned.
- Why
- Based on stable NIMs and strong asset growth.
- Rating
- Hold
- Target Price
- Rs 978
- Upside Potential
- 2%
- NII Growth
- 22%
- AUM Growth (Annualised)
- 25%
- New Customers
- 4.7 million
- New Loans
- 13.5 million