Bajaj Finance saw a sharp 4% jump in its stock price after announcing key leadership changes. The company’s board has appointed Rajeev Jain as Vice Chairman in the capacity of an executive director for a three-year term, effective April 1, 2025. Additionally, Anup Kumar Saha, currently the Deputy Managing Director, has been re-designated as Managing Director until March 31, 2028. These appointments are subject to shareholder approval.
Jain, who joined Bajaj Finance in 2007 and became MD in 2015, has played a pivotal role in transforming the company from an auto financier into a diversified financial powerhouse. His leadership has driven expansion across loans, payments, and investments, leveraging digital innovation to make Bajaj Finance a market leader.
Following the leadership announcement, multiple brokerages reaffirmed their bullish stance on Bajaj Finance:
- Citi maintains a Buy rating, raising its target price to ₹10,200, citing strategic clarity and smooth leadership transition.
- Morgan Stanley reiterated an Overweight rating with a target of ₹10,500, noting that Jain’s continued involvement eliminates investor concerns.
- CLSA upgraded its target price to ₹11,000, predicting a 26% PAT CAGR over FY25–27, with AUM growth exceeding 25%.
- Jefferies maintains a Buy call with a target of ₹9,270, highlighting smooth succession planning and improving asset quality.
Bajaj Finance shares surged to a new 52-week high of ₹9,089.00 on Friday. The stock opened at ₹9,039.95 and dipped to a low of ₹8,925.00 before recovering. This rally marks a significant rise from its 52-week low of ₹6,375.70
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