Bajaj Finance Ltd (BAJFINANCE)

Bajaj Finance Plans to Raise up to Rs 9,000 Crore through Bond Reissue - 06 May, 2024

Bajaj Finance is planning to raise up to Rs 9,000 crore, including a greenshoe option of Rs 7,500 crore, through the reissue of bonds. The RBI has lifted restrictions on certain lending products offered by Bajaj Finance, allowing it to resume sanction and disbursal of loans in previously banned business segments.

RBI Lifts Restrictions on Bajaj Finance's Lending Products - 03 May, 2024

The Reserve Bank of India lifted the ban on Bajaj Finance's eCOM and online digital Insta EMI Card businesses, leading to an almost 8% surge in share prices and crossing the Rs. 4.5 lakh crore market cap mark. Brokerages maintain their bullish stance on the company, with Jefferies maintaining its buy rating and a target price of Rs. 9260.

Bajaj Finance Can Resume Loan Sanction After RBI Lifts Ban - 02 May, 2024

The Reserve Bank of India has lifted restrictions on Bajaj Finance's eCOM and Insta EMI Card loan products after six months. The company can now resume sanction and disbursal of loans under these two lending products.

KR Choksey Recommends Buying Bajaj Finance with Target Price of Rs 8000 - 30 Apr, 2024

Bajaj Finance's Q4FY24 Net Interest Income increased by 28.1% YoY to INR 92,931 Mn, led by robust growth in AUM. The Board recommended a dividend of INR 36 per equity share for FY24. KR Choksey assigns a P/ABV multiple of 4.5x on FY26E adj. book value of INR 1,778.0 to arrive at a T.P. of INR 8,000 per share and maintains a BUY rating.

Bajaj Finance Reports Strong Q4FY24 Results Despite Declining Margins - 29 Apr, 2024

Bajaj Finance's Q4FY24 net interest income increased by 4.7% QoQ/28.1% YoY to Rs 8,013cr, while PAT grew by 5.1% QoQ/21.1% YoY to Rs 3,825cr as the NBFC company increased its provisions. However, Bajaj Finance dragged benchmark indices lower on Friday.

Deven Choksey Suggests Buying Bajaj Finance During Market Corrections - 28 Apr, 2024

Market expert Deven Choksey suggests buying Bajaj Finance during market corrections as it offers a buy opportunity for investors. He believes that the interest rate scenario in India has already peaked out and with the fall in interest rates, June onwards, it will be a relatively better signal for most finance companies including Bajaj Finance. Additionally, he mentions that the housing finance business of Bajaj Finance is not adequately valued by the market and would get valued once it becomes a separate company with a separate listing.

Bajaj Finance Shares Tumble After Q4 Earnings Disappoint Investors - 27 Apr, 2024

Bajaj Finance's Q4 earnings report showed a 21% increase in consolidated net profit but failed to impress investors, leading to a nearly 8% drop in share prices. Analysts have reduced their share price targets due to pressure on NIM and higher credit costs.

Bajaj Finance Stock Tumbles After Q4 Results - 26 Apr, 2024

Bajaj Finance reported a 21% increase in consolidated net profit to Rs 3,825 crore in Q4 FY24 but saw its stock tumble by 7.43%. Motilal Oswal downgraded the stock to neutral with a target price of ₹7,800 due to limited upside catalysts. Loan losses and provisions also rose 53% to Rs 1,310 crore.

Bajaj Finance Reports Strong Q4 Results - 25 Apr, 2024

Bajaj Finance reported a consolidated net profit of Rs. 3,825 crore in Q4 FY24, beating analyst expectations. The company faced NIM compression but saw healthy growth in net interest income and assets under management. Analysts predict continued growth in AUM, while the cost of funds has risen.

Bajaj Finance Expected to Report Strong Q4 Earnings - 24 Apr, 2024

Bajaj Finance is expected to announce strong Q4 earnings, with analysts predicting a 22% YoY jump in net profit and a 40% increase in net interest income. Emkay Global has initiated coverage on the stock with a Buy recommendation and a price target of Rs 9,000.

Mixed Views on Bajaj Finances Future Performance - 23 Apr, 2024

Global brokerage firm UBS has shared a sell call on Bajaj Finance, while Emkay Global initiated coverage with a Buy rating and a target price of Rs 9,000 per share. Meanwhile, analysts expect strong quarterly performance from Bajaj Finance, with an estimated consolidated net profit of Rs 3,750 crore for Q4FY24.

Bajaj Finance Rises Amidst Market Recovery - 22 Apr, 2024

Bajaj Finance saw a rise in its stock price and open interest amidst a market recovery from a four-day losing streak. The company was also among the top five stocks with long buildup in F&O trading.

Bajaj Finance and Shriram Finance Hike Fixed Deposit Rates - 11 Apr, 2024

Bajaj Finance and Shriram Finance have increased their fixed deposit rates to compensate for lower bank borrowings. Non-bank lenders are turning to more expensive options like deposits and bonds.

Bajaj Finance Receives Positive Coverage and Anticipated Listing Price - 09 Apr, 2024

Bajaj Finance receives positive coverage from ICICI Securities with a BUY rating and target price of Rs 8,500. PhillipCapital anticipates the listing of subsidiary Bajaj Housing Finance in September 2025 with an expected price of Rs 550-570 per share. Earlier this month, Bajaj Finance increased its deposit rates for senior citizens.

Bajaj Finance Announces Hike in Fixed Deposit Rates - 08 Apr, 2024

Bajaj Finance has announced an increase in fixed deposit rates for both senior and non-senior citizens. ICICI Securities initiated coverage on the company with a buy rating and a target price of Rs 8,500.

Bajaj Housing Finance to Discuss Listing on Exchanges - 07 Apr, 2024

Bajaj Housing Finance, a 100% subsidiary of Bajaj Finance, will discuss listing the company on exchanges to meet RBI's requirements for an upper-layer NBFC. The company's AUM increased by 34% YoY to Rs 3,30,400 crore in Q4 FY24, while deposits grew by 35% YoY to nearly Rs 60,100 crore. However, new loans booked were affected due to restrictions imposed by RBI citing regulatory deficiencies.