News

Bajaj Finance shares jump 7%, most in two months, reclaim levels of ₹900The Bajaj Finance stock is also among the top gainers on the Nifty 50 index today and has moved back above ₹900 after nearly a month.By Meghna Sen  April 8, 2026, 9:42:22 AM IST (Published)2 Min ReadShares of Bajaj Finance Ltd. are trading over 7% higher on Wednesday, April 8, marking their biggest single-day gain in two months.

The stock is also among the top gainers on the Nifty 50 index today and has moved back above ₹900 after nearly a month.

The rally comes after the non banking financial company reported its fourth quarter business update over the weekend.

Assets under management crossed the ₹5 lakh crore milestone during the quarter. As of March 31, 2026, assets under management stood at ₹5.10 lakh crore, up 22% year on year from ₹4.17 lakh crore.

For FY26, assets under management growth came in at 22%, broadly in-line with management guidance.

However, the deposit book remained weak. Deposits stood at ₹68,550 crore at the end of the fourth quarter, down 4% year on year and 3.5% sequentially.

On the operational front, new loans booked rose 20.5% year-on-year to 12.89 million in the fourth quarter from 10.70 million a year ago. The customer franchise expanded to 119.33 million, with a sequential addition of 3.93 million customers.

Brokerage firm Macquarie has maintained an 'Underperform' rating on the stock with a price target of ₹860.

The brokerage said that, excluding the Covid affected FY21, FY26 marks the slowest growth rate for Bajaj Finance in 15 years.

Macquarie added that as the company scales up, sustaining both growth and return on assets above 4.0% could become increasingly challenging. It also said that deposit growth has been moderating, with deposits declining from a peak of 20% to 22% to around 16% of total borrowings.

Key risks, according to the brokerage, include stronger than expected loan growth, as well as further upside to margins and return ratios.

ALSO READ | Bajaj Finance 'bear' highlights the key risks to its bearish stanceContinue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.TagsBajaj FinanceBajaj Finance AUMBajaj Finance shares