Bajaj Finance shares rise over 2% after Q3 update: New loans jump 22% YoY, AUM surges 28%

Bajaj Finance shares surged 2.5% on Monday to a high of Rs 7,599 on the BSE after reporting a 28% year-on-year (YoY) in its assets under management (AUM) to about Rs 3,98,000 crore as of the quarter ended December 2024, compared to Rs 310,968 crore at the end of the same quarter last fiscal.

During the October-December quarter alone, AUM increased by Rs 24,100 crore, reflecting steady demand across lending segments. The company said that its new loans booked during Q3 FY25 reached an all-time high of 12.06 million, up 22% year-on-year from 9.86 million in the same period last fiscal.

The company’s customer franchise expanded to 97.12 million as of December 31, 2024, a 21% increase from 80.41 million a year earlier. The quarter also marked a record addition of 5.03 million new customers, highlighting robust demand for its financial products.


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The company’s deposit book stood at Rs 68,800 crore as of December 31, 2024, reflecting a 19% increase from Rs 58,008 crore in the prior year.

These preliminary results underline Bajaj Finance's ability to deliver consistent growth, supported by its expanding customer base and diversified portfolio. The financial results for Q3 FY25 are expected to be announced later this month.

Global brokerage firm Citi initiated a 90-day positive catalyst watch on Bajaj Finance shares on Thursday, January 2. Following the announcement, the stock surged as much as 6%, emerging as one of the top gainers on the Nifty 50 index.

Citi's report emphasized that “key support is coming from segments like mortgage financing, sales financing, and new business ventures.” The firm also noted a minor increase in credit costs, which are expected to fall between 2.2% and 2.5%.

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Bajaj Finance shares target price

According to Trendlyne, 23 out of 31 analysts recommend a 'buy or strong buy' on Bajaj Finance shares, with four suggesting a 'hold' and another four advising a 'sell or strong sell.' The average 12-month target price is Rs 8,081, indicating a potential upside of 9% from current levels.

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Bajaj Finance shares performance

On Friday, Bajaj Finance shares closed at Rs 7,411.5, up 0.32% on the BSE, while the benchmark Sensex declined 0.9%. The stock has surged 2.2% over the past six months and surged 12% in the last two years. The company’s market capitalization stands at Rs 4,58,769 crore.

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