Shares of Bajaj Finance Ltd, a prominent non-banking financial company (NBFC), have demonstrated robust performance, rallying for eight consecutive sessions and recording over 7% gains. This upward momentum follows the release of the company's strong fourth-quarter earnings, with analyst price targets now indicating a potential breach of its all-time record high of Rs 1102.45, achieved on October 23, 2025.
Strong Q4 Performance Fuels Optimism
For the January-March quarter, Bajaj Finance reported a significant 22% year-on-year rise in net profit, reaching Rs 5,464.57 crore. Net interest income also saw a healthy increase of 20%, climbing to Rs 11,781 crore from Rs 9,808 crore in the corresponding period of the previous fiscal year. Pre-provisioning operating profit similarly rose by 21%, underscoring the company's strong operational efficiency.
The company's market capitalization has expanded to Rs 6.02 lakh crore. Over the past year, Bajaj Finance shares have gained 22%, reflecting sustained investor confidence despite a marginal 1.20% loss in the last three months.
Brokerages Project Further Upside
Several leading brokerages have reiterated their positive outlooks and adjusted price targets for Bajaj Finance, citing various growth drivers and improved financial metrics:
- PL Capital: Upgraded its recommendation to BUY with a price target of Rs 1,100. The brokerage highlighted sustained traction in new verticals such as Cars, Gold, and Microfinance (MFI), alongside robust new customer additions, projected to be 15-17 million in FY27. They estimate Asset Under Management (AUM) growth of 23% in FY27 and 22% in FY28E, noting improved asset quality ratios and a moderation in credit costs to 1.65% in Q4.
- Axis Securities: Maintained a BUY call, raising its price target to Rs 1,160 from an earlier Rs 1,150. Axis believes the worst for the MSME portfolio is behind, with management confident of resuming double-digit growth in this segment from Q2/Q3FY27. The firm continues to gain systemic market share, growing nearly twice the industry average.
- Mirae Asset Sharekhan: Assigned a BUY rating with a price target of Rs 1,125. This projection is based on an anticipated 26.2% Compound Annual Growth Rate (CAGR) in Profit After Tax (PAT) over FY26–FY28, driven by strong profitability growth, healthy return ratios, resilient asset quality, lower credit costs, and ongoing FINAI transformation initiatives.
As of the current session, the stock was trading approximately 1% higher at Rs 967.80, with 1.58 lakh shares changing hands, amounting to a turnover of Rs 15.37 crore. The consensus among analysts points towards a continued upward trajectory for Bajaj Finance, propelled by solid earnings and strategic growth initiatives.