Bajaj Finance shares surged nearly 3% after global brokerage CLSA reaffirmed its ‘Outperform’ rating, setting a bullish target price of ₹11,000. This comes despite a relatively modest FY25, with growth slowing to 26% and return on equity (ROE) easing to 19% in the first nine months.
CLSA described FY25 as a period of “bad form” but reiterated confidence in Bajaj Finance’s long-term fundamentals, stating, “Form is temporary, class is permanent.” The brokerage believes asset quality headwinds are easing, setting the stage for a strong recovery from FY26 onwards.
Looking ahead, CLSA expects a shift in the narrative—from concerns around net interest margin (NIM) and asset quality—to renewed focus on growth. Even with a potential decline in return on assets (ROA) from 4% to 3.5%, strong asset under management (AUM) growth at 25% CAGR could still drive profit after tax (PAT) growth at 22–23% CAGR over the next five years.
With robust earnings visibility and consistent performance, CLSA highlights Bajaj Finance as a standout among Indian large-cap stocks. This positive outlook has boosted investor sentiment, making Bajaj Finance a top pick for medium- to long-term portfolios.
Bajaj Finance shares opened at ₹8,650.00 and touched a high of ₹8,820.00 during the session, with the day’s low matching the opening price. The stock is trading close to its 52-week high of ₹9,260.05, showing strong upward momentum. Compared to its 52-week low of ₹6,375.70, Bajaj Finance has delivered significant gains.
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