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There is good news for the shareholders of Bajaj Finance. Shares of the company may rise tremendously. Bajaj Finance shares can go up to Rs.9600. Foreign brokerage house Bank of America (BofA) Securities offered shares of the company at Rs. A target of 8750 has been given. Bajaj Finance’s stock closed at Rs 7067.15. That is, the company’s shares may rise by around 25% from current levels.
Anand Rathi has given a target of Rs 9600
Local brokerage house Anand Rathi bought shares of Bajaj Finance at Rs. A target of 9600 has been given. While, JM Financial on the shares of Bajaj Finance Rs. A target of 9500 has been given. Bajaj Finance shares hit a 52-week high of Rs. 7999.90 is. At the same time, the 52-week low of the company’s stock is Rs 5487.25. Bajaj Finance has a market cap of Rs. 428212 crores.
The company made a profit of Rs 3437 crore.
In the first quarter of the current financial year, Bajaj Finance’s consolidated net profit rose 32.4% to Rs. 3437 crores has happened. At the same time, Bajaj Finance’s revenue rose nearly 35% to Rs 12,498 crore in the June 2023 quarter. In the April-June 2023 quarter, the company’s net interest income rose 26% year-on-year to Rs. 8398 crores. In the first quarter of the current fiscal, the number of new loan bookings rose 34% year-on-year to 9.94 million.
Disclaimer: Information provided here is only about stock performance, not investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.