Bajaj Finance Share price

2023 - 1 - 5

Post cover
Image courtesy of "Business Today"

Bajaj Finance shares dive 8% despite record new loan growth in Q3 ... (Business Today)

Bajaj Finance stock slumped 8.24 per cent to hit a day low of Rs 6032.25 over its previous close of Rs 6573.60.

Ravi Singh, Vice-President & Head of Research at Share India, said, "The recent fall in Bajaj Finserv and Bajaj Finance from the high of Rs 1,570 and Rs 6,640 levels, respectively, has seen supportive volume formation on daily charts which indices inherent weakness in the stock. Singhal said, Bajaj finance has also given a breakdown and it seems to be headed near Rs 6,220. He further said, "The parabolic SAR (stop and reverse) is trading above the price action on daily charts which indicates the downtrend will remain intact. A green candle close above Rs 6,490 should be used to buy for targets of Rs 6,693-6,895 in the coming days," said A R Ramachandran from Tips2trades. Support on the counter could be seen at Rs 1,483. "Bajaj Finserv has strong support at Rs 1,483 on the daily charts. The stock slumped 8.24 per cent to hit a day low of Rs 6,032.25 over its previous close of Rs 6,573.60. The turnover on the counter stood at Rs 87.05 crore. Strong resistance will be at Rs 1,548," Ramachandran said. Customer franchise, as of 31 December 2022, stood at 66 million as compared to 55.4 million in the same period a year ago, it added. Bajaj Finance's 14-day relative strength index (RSI) came at 27.79. On the daily charts, Bajaj Finance is starting to get into oversold territory and short sellers are advised to book profits at current levels.

Post cover
Image courtesy of "Livemint"

Why Bajaj Finance shares today tanked ₹500 in a single day | Mint (Livemint)

Sharing its business update to exchanges, Bajaj Finance said that its assets under management (AUM) grew by 27% year on year to approximately ₹230,850 crore as ...

Post cover
Image courtesy of "मनी कंट्रोल"

Bajaj Finance के शेयरों में जबरदस्त बिकवाली, 8% तक टूटे शेयर, जानिए ... (मनी कंट्रोल)

Bajaj Finance Share price : बजाज फाइनेंस के शेयर इंट्राडे में 8 फीसदी से ज्यादा कमजोर होकर 6032.25 ...

बिजनेस अपडेट के मुताबिक, कंपनी ने दिसंबर तिमाही में अपनी कस्टमर फ्रेंचाइजी में तिमाही वार सबसे ज्यादा बढ़ोतरी दर्ज की है। तिमाही के दौरान कस्टमर फ्रेंचाइजी में 31 लाख की बढ़ोतरी दर्ज की गई। दिसंबर 2022 के अंत में फाइनेंस कंपनी की कस्टमर फ्रेंचाइजी 6.6 करोड़ थी, जबकि एक साल पहले समान तिमाही में 5.54 करोड़ के स्तर पर रही थी। Bajaj Finance Share price : कंज्यूमर फाइनेंस कंपनी बजाज फाइनेंस के शेयर गुरुवार, 5 जनवरी को बीएसई पर इंट्राडे में 8 फीसदी से ज्यादा कमजोर होकर 6,032.25 रुपये के स्तर पर आ गए। दरअसल, अक्टूबर-दिसंबर तिमाही में कंपनी की कमजोर एयूएम (assets under management) ग्रोथ ने बाजार को निराश किया है। Bajaj Finance दिसंबर, 2022 में समाप्त तिमाही के दौरान एयूएम बढ़कर 2.3 लाख करोड़ रुपये हो गया, जो एक साल पहले 1.8 लाख करोड़ रुपये के आसपास था। हालांकि, तिमाही वार एयूएम में सिर्फ 12,500 करोड़ रुपये यानी 5.7 फीसदी की बढ़ोतरी दर्ज की गई। पूर्वाह्न 11 बजे शेयर 7 फीसदी कमजोर होकर 6,112 रुपये पर कारोबार कर रहा था। कस्टमर फ्रेंचाइजी में तिमाही आधार पर सबसे ज्यादा बढ़ोतरी

Post cover
Image courtesy of "Moneycontrol.com"

Bajaj Finance tumbles on slow Q3 AUM growth, despite peak ... (Moneycontrol.com)

Domestic brokerage firm Motilal Oswal Financial Services noted that AUM growth was below expectations.

The customer franchises of the finance company stood at 66 million as of December 2022, compared to 55.4 million in the year-ago period. Customer franchise increased by 3.1 million during the quarter. The firm has a Buy rating on the stock. Trading volume stood at 1.4 million on the exchange. During the quarter, the company's AUM increased by Rs 12,500 crore, up only 5.7 percent quarter-on-quarter. Broking firm CLSA has a 'Sell' call on Bajaj Finance with a target price of Rs 6000 per share.

Post cover
Image courtesy of "Business Standard"

Bajaj Finance tumbles 8% as AUM logs lesser-than-expected ... (Business Standard)

At 09:27 AM; Bajaj Finance traded 5 per cent lower at Rs 6,230, as compared to 0.13 per cent rise in the S&P BSE Sensex. Shares of Bajaj Finserv, too, were down ...

Shares of Bajaj Finserv, too, were down 3 per cent at Rs 1,503, after hitting a low of Rs 1,498.50 in intra-day trades on the BSE. In past three months, the stock has slipped nearly 20 per cent, as compared to 4.4 per cent rise in the S&P BSE Sensex. [Bajaj Finance](/topic/bajaj-finance) acquired 3.1 million new customers (v/s 2.6 million acquired in Q2FY23). Further, in past one year, it has declined 19 per cent, as against 0.67 per cent gain in the benchmark index. 55 million in Q3FY22. 7.4 million in Q3FY22.

Post cover
Image courtesy of "Mintgenie"

Bajaj Finance slumps over 7%; Here's what happened (Mintgenie)

According to brokerages, Bajaj Finance's AUM growth has been below expectations, and its QoQ growth is the lowest seen over the last 10 years.

According to the brokerage, new customer acquisition has been strong, and the NBFC's well on course to cross its annual target of 10 million. The brokerage has ‘underperform’ rating for the stock. Further, we will need to see composition of growth; likely lower growth in mortgages and other secured segments, which are also seeing intense price competition, could help net interest margin,” said Morgan Stanley in its report. Similarly, global investment banking company, Jefferies believes the NBFC to have witnessed a tad moderation in loan growth and AUM growth. As per the NBFC's latest filings, AUM of Bajaj Finance grew 27% on year and 6% QoQ at ₹230,850 crore. “Moreover, growth slowed sequentially from Q2 to Q3, which is odd because Q3 is a stronger quarter due to festivals.

Post cover
Image courtesy of "CNBCTV18"

Bajaj Finance records highest ever quarterly increase in its customer ... (CNBCTV18)

Bajaj Finance's Assets under Management (AUM) grew 27 percent from last year to Rs 2.3 lakh crore from Rs 1.8 lakh crore.

The firm also cited oddity in the slowing loan growth as the December quarter is usually stronger due to the festive season. Deposits stood at Rs 43,000 crore, up 41.1 percent from last year and 9 percent from the previous quarter. Broking firm CLSA said in a note that Bajaj Finance's loan growth slowed despite the festival season. During the quarter, the company's assets under managements increased by Rs 12,500 crore. Average ticket size, as per CNBC-TV18's calculations stood at Rs 34,977.3, a growth of 6.9 percent from last year. Q3 FY21 Q3 FY22 New loans booked during the quarter stood at Rs 78 lakh, which is an all-time high. Q3 FY23 reported the highest ever quarterly increase in its customer franchise in the December quarter, according to its business update. The company's customer franchise increased by 3.1 million during the quarter. Q3 FY20

Post cover
Image courtesy of "BQ Prime"

Bajaj Finance Shares Fall As Lower AUM Growth In Q3 Drags ... (BQ Prime)

Shares of Bajaj Finance Ltd. fell the most in 21 months after its quarterly report showed that the growth of assets under management, or AUM, ...

The 12-month consensus price target implies an upside of 30.7%. Shares of the company declined 5.09% to Rs 1,469 apiece as of 11 a.m., compared with a flat Nifty 50. The total traded volume was 8.4 times its 30-day average volume. The relative strength index is 28. Shares of Bajaj Finance Ltd. AUM growth slowing sequentially is odd as Q3 is stronger quarter due to festivals. This is likely due in part to strong 7% sequential growth in second quarter and other factors. Sequential growth is a tad softer than the 7-7+% usually seen in the third quarter. This raised concerns among analysts tracking the company. However, when compared to the second quarter, the growth shows a "tad moderation" from the 31% year-on-year and 7% sequential growth recorded in the September quarter, according to Jefferies. Bajaj Finance, in a stock exchange filing yesterday, said its AUM grew by 27% to approximately Rs 230,850 crore as of Dec. "Softer loan growth can weigh on the stock in the near term," Jefferies said in its investor note, after highlighting the moderation in the growth of the company's AUM.

Post cover
Image courtesy of "Economic Times"

Bajaj Finance shares crack 8%. What's the bad news? (Economic Times)

Global brokerage CLSA, which has maintained a sell rating on the stock, pointed out that the lender's loan growth was slow despite the festive season.

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). Kotak Institutional Equities also has a sell rating on the stock with a target price of Rs 5,800. In the meantime, shares of holding company For Jefferies, the key risks to its valuation include slowdown in growth, higher-than-expected NIM compression, or asset quality deterioration. Jefferies said in Q3 results, it will watch out if the growth moderation was due to shorter-term securities lending business or retail/ SME loans. Global brokerage CLSA, which has maintained a sell rating on the stock, pointed out that the lender's loan growth was slow despite the festive season.

Post cover
Image courtesy of "Zee Business"

Bajaj Finance share price tank 7% as Street gives a thumbs down ... (Zee Business)

CLSA has recommended a Sell on this counter with a price target of Rs 6000. CLSA in a note said that the loan growth slowed despite a festive season.

The third-party service providers that generate these cookies, such as, social media platforms, have their own privacy policies, and may use their cookies to target advertisement to you on other websites, based on your visit to our sites. These cookies collect information about your activities on our sites as well as other sites to provide you targeted advertising. However, this will not prevent the sites from placing further cookies on your device unless and until you adjust your Internet browser setting as described above. If you subscribe to a newsletter or otherwise register with the Sites, these cookies may be correlated to you. Without these essential cookies we may not be able to provide certain services or features and our site will not perform as smoothly for you as we would like. We use persistent cookies to improve your experience of using the sites. However, if you select this setting you may be unable to access certain parts of the sites. Zeenews.com use cookies and other technologies to store information in your web browser or on your mobile phone, tablet, computer, or other devices (collectively "devices") that allow us to store and receive certain pieces of information whenever you use or interact with our zeenews.india.com applications and sites. These third-party service providers use persistent Cookies to help us improve user experience, manage our site content, and analyse how users navigate and utilize the sites. A cookie is a small text file that can be stored on and accessed from your device when you visit one of our sites, to the extent you agree. Likewise, if you share any content on this website through social networks (for example by clicking a Facebook “like” button or a “Tweet” button) you may be sent cookies from these websites. zeenews.india.com understands that your privacy is important to you and we are committed for being transparent about the technologies we use.

Post cover
Image courtesy of "India Today"

Bajaj Finance shares tank 8% despite strong growth in new loans (India Today)

Bajaj Finance's share value dipped by over Rs 500 in early trade after an aggressive sell-off by investors. This comes just a day after it announced a ...

Meanwhile, Jefferies said it will keep a watch on the stock but softer growth could impact Bajaj Finance’s market valuation in the near term. It highlighted that Bajaj Finance’s loan growth was slow during the quarter despite the festive season. Bajaj Finance's share value dipped by over Rs 500 in early trade after an aggressive sell-off by investors.

Post cover
Image courtesy of "Economic Times"

Bajaj Finance shareholders get ready for a significant phase of ... (Economic Times)

The difference between Bajaj Finance and the overall financial sector, like credit growth of the system, has reached 17-18%. At one point of time when ...

[stocks](/definition/stocks)which are on the other end of the spectrum in that they have done nothing for the last two to three years and now it is time for them to make a comeback? [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). If there is a rapid correction maybe for a year and if there is a slow correction, maybe for two years. I think that is something we need to watch out for. I think Bajaj Finserv holds Bajaj Finance, it is the holding company. When markets are near all-time highs, it is very difficult to find stocks which are in complete hibernation, but relatively there are things working for many companies in auto ancillaries, engineering, capital goods and infrastructure. The correlation is very high. It is 97-98% in terms of the correlation to their stock price movement historically. There is no contra buy because it is the most over owned financial stock. As rates move up, there is a high possibility that there could be an uptick in NPAs also. There is a significant phase of below average returns lying for Bajaj Finance shareholders. Should one wait till that level and should one be buying?

Post cover
Image courtesy of "Livemint"

Bajaj Finance shares extend losses as stock tanks below ₹6000 ... (Livemint)

Shares of Bajaj Finance extended losses for the second straight session after posting a disappointing December quarter (Q3) updates. The stock has plunged ...

Explore the last week