Shares of Bajaj Finance Ltd gained over 2% to ₹929.65 in Friday morning trade (July 4) after the company reported a strong business update for Q1FY26, highlighted by robust growth in assets under management (AUM) and customer acquisition.
As of June 30, 2025, Bajaj Finance’s AUM stood at approximately ₹4.41 lakh crore, marking a 25% year-on-year rise. During the quarter, the company added ₹24,750 crore to its AUM. Its customer base expanded to 106.51 million, compared to 88.11 million last year, with 4.69 million new customers added in the quarter.
New loan bookings during Q1FY26 rose 23% YoY to 13.49 million, up from 10.97 million a year ago. The company’s deposit book also grew 15% YoY to ₹72,100 crore from ₹62,774 crore.
International brokerage Morgan Stanley maintained an overweight rating on the stock with a target price of ₹1,050, citing the company’s strong AUM growth even as the broader credit market showed signs of moderation. Morgan Stanley noted that Bajaj Finance’s lower exposure to vehicle finance segments positioned it well compared to peers, supporting its guidance of 24–25% AUM growth for FY26.
The brokerage also highlighted healthy customer additions, with the company targeting 14–16 million new customers in the current financial year. Investors are expected to closely track the company’s credit cost trajectory and management’s commentary on asset quality in the coming quarters.
At the time of writing, Bajaj Finance shares were trading at ₹929.65, up 2.14% from the previous close of ₹910.15.
