Shares of Bajaj Finance and Bajaj Finserv soared in early trading today, rising up to 9%, with both stocks gaining traction on the Sensex and Nifty indices. The strong rally came after Citi maintained a bullish outlook on Bajaj Finance, reiterating its Buy call and setting a target price of Rs 8,150. This positive sentiment reflects analysts’ expectations for a strong Q3 performance from the financial powerhouse.
Why Bajaj Finance and Bajaj Finserv Are Gaining Momentum
Bajaj Finance saw its stock jump by 6% intraday, reaching Rs 7,49.95, up from the previous closing price of Rs 6,936.65 on the BSE. The stock’s relative strength index (RSI) stands at 52.5, signaling that the stock is neither overbought nor oversold, making it an attractive pick for investors looking for stability.
Meanwhile, Bajaj Finserv also witnessed a strong rally, with shares climbing by 8.92% to reach Rs 1,717.45. The stock’s RSI stands at 38.6, indicating a neutral position in terms of buying or selling pressure.
Strong Outlook from Citi
Citi’s report on Bajaj Finance highlights a marginal improvement in credit costs, forecasting them to climb slightly to 2.2-2.25% in Q3. The brokerage also projects a 6% QoQ and 7% YoY growth in assets under management (AUM), which will likely drive the stock’s continued performance. The growth in AUM is driven by solid performance across key segments like mortgage financing, sales financing, securities lending, and new business ventures.
Moreover, the report emphasized that Bajaj Finance is seeing strong support from segments such as mortgage financing and new business ventures. The diversified business model of both Bajaj Finance and Bajaj Finserv ensures a robust foundation, even amidst challenging market conditions.
Key Performance Indicators
- Bajaj Finance has traded above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum.
- Despite Bajaj Finance losing 1.32% over the past year, the stock has gained 5.72% since the beginning of 2025, showing a positive short-term outlook.
- The market capitalization of Bajaj Finance rose to Rs 4.53 lakh crore, while Bajaj Finserv saw its market cap rise to Rs 2.73 lakh crore.
What’s Next for Bajaj Finance and Bajaj Finserv Stocks?
Both Bajaj Finance and Bajaj Finserv are trading higher than their moving averages, suggesting a sustained positive outlook. Citi‘s target price of Rs 8,150 for Bajaj Finance is backed by strong performance across key financial segments, making the stock an attractive option for long-term investors. Additionally, Bajaj Finserv is benefiting from a diversified portfolio, ensuring that it remains resilient in the current market environment.
Bajaj Finance: A Stock with High Volatility
It’s important to note that Bajaj Finance has a one-year beta of 1.1, indicating high volatility in the stock over the past year. Investors should be prepared for fluctuations in the stock price. On the other hand, Bajaj Finserv has a one-year beta of 1, indicating more average volatility in comparison.
Conclusion: A Bright Outlook for Both Stocks
The surge in Bajaj Finance and Bajaj Finserv shares underscores the strong market sentiment around these companies. With Citi’s positive outlook and their solid performance in core financial sectors, both companies are well-positioned for continued growth in 2025. Whether you’re an investor looking for stability or seeking to capitalize on potential upside, these stocks provide an attractive investment opportunity in the financial sector.
WordPress Algorithm Table: Stock Performance Summary
Stock | Intraday Gain | Target Price | RSI | Market Cap (Bajaj Finance) | Market Cap (Bajaj Finserv) | Key Support Areas |
---|---|---|---|---|---|---|
Bajaj Finance | 6% | Rs 8,150 | 52.5 | Rs 4.53 lakh crore | – | Mortgage Financing, Sales Financing, New Business |
Bajaj Finserv | 8.92% | N/A | 38.6 | – | Rs 2.73 lakh crore | Strong diversification in financial services |
Both Bajaj Finance and Bajaj Finserv stocks are showing bullish trends and could offer investors an opportunity to tap into the financial services sector’s growth in the coming months. With strong leadership, diversified portfolios, and a positive outlook, these companies are set to continue their strong performance, making them top choices for your investment portfolio.
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