Bajaj Finance Ltd surged over 4% on March 21, reaching an all-time high of ₹9,070. The rally followed the announcement of Anup Kumar Saha as the new Managing Director (MD), replacing Rajeev Jain, who will transition to Vice Chairman starting April 1.
Investor sentiment turned bullish as major brokerages, including Morgan Stanley, Citi, and BofA Securities, raised their price targets, citing strong leadership continuity and strategic clarity. Morgan Stanley increased its target to ₹10,500, calling Bajaj Finance one of the “strongest investment theses” in the financial sector.
Saha, who joined the company in 2017, brings over two decades of experience in financial services. Analysts believe his leadership, combined with Jain's continued involvement, will drive long-term profitability. With credit costs expected to peak in FY26, Bajaj Finance remains a top pick for investors.
Post a comment
Raise Your Glass? Not Yet: Beer Prices May Rise Again
Karnataka is considering a beer price hike, potentially the third in a year, amidst rising...
China, HK Stocks Climb on Optimism Ahead of Policy Meetings
China and Hong Kong stocks rise after strong manufacturing data. Investors hope for new policies...
India and US Racing to Lock $500 Billion Trade Deal!
With the clock ticking, India and the US race to seal a historic $500 billion...
Ramesh Damani recalls India's true 'Tryst with Destiny' starting with...
Ramesh Damani praised Dr. Manmohan Singh for India's "true tryst with destiny," crediting his 1991...
