Bajaj Finance shares rise 3% in response to strong Q2 business update
Published on 06/10/2025 09:56 AM
Bajaj Finance shares rise 3% in response to strong Q2 business updateAs of September 30, 2025, Bajaj Finance's deposits book increased 5.47% to ₹69,750 crore from ₹66,131 crore in the year-ago period.By Shloka Badkar October 6, 2025, 9:56:20 AM IST (Updated)2 Min ReadShares of Bajaj Finance Ltd. gained as much as 3% on Monday, October 6, in response to the business update for the September quarter that it shared after market closing hours last Friday.
At the end of September 30, its customer franchise stood at 110.64 million, compared to 92.09 million in the year-ago period.
In the second quarter, its customer franchise increased by 4.13 million.
Bajaj Finance's new loans booked were up 26% to 12.17 million compared to 9.69 million last year.
At the end of September, its assets under management (AUM) were up 24% to ₹4.62 lakh crore compared to ₹3.73 lakh crore last year.
As of September 30, 2025, Bajaj Finance's deposits book increased 5.47% to ₹69,750 crore from ₹66,131 crore in the year-ago period.
Brokerage firm Citi expects the restructuring of standard SME accounts to continue for Bajaj Finance, and gross stage 3 is anticipated to rise, while fee income is expected to grow within the 13% to 15% guided range.
Citi remains "neutral" on Bajaj Finance with a price target of ₹983, which indicates a potential downside from current levels.
Morgan Stanley retained its "overweight" stance on Bajaj Finance with a price target of ₹1,150. The brokerage expects strong returns driven by earnings compounding at 256% in financial year 2026 and 28% in financial year 2027.
"There could be upside risks to our forecasts from potentially lower credit costs," the Morgan Stanley note said. It advises investors to turn constructive on the stock, as credit costs moderate.
Shares of Bajaj Finance are trading with gains of 3% on Monday at ₹1,019.6. The stock has risen 8% in the last one month.
Also Read: Tata Capital issues shares worth ₹4,642 crore to 68 anchor investors ahead of biggest IPO of 2025Continue ReadingFirst Published: Oct 4, 2025 9:32 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBajaj Financeshare market today