Bajaj Finance Shares Surge 3.3 percent after Strong Q1 Update: Key Insights for Intraday Trading
Shares of non-banking financial company Bajaj Finance Ltd surged 3.3% on Friday, July 4, after the Bajaj Group firm released its business update for the quarter ended June. The strong quarterly performance boosted investor sentiment, making the stock a highlight in today’s stock market strategy discussions. Traders closely monitored its movement, especially those engaged in intraday trading, as the stock is showing strong momentum throughout the session.
Bajaj Finance - Q1 update
Bajaj
Finance reported a 25 percent year-on-year rise in its assets under
management (AUM), which stood at around Rs 4.41 lakh crore as of June 30, 2025.
During the first quarter, the company added Rs 24,750 crore to its
AUM. Its customer base expanded to 106.51 million, up from 88.11 million in the
same period last year, with 4.69 million new customers added in Q1FY26.
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New loan
bookings grew 23 percent year-on-year to 13.49 million, compared to 10.97
million in the first quarter of FY25. The deposit book also showed growth,
rising 15 percent year-on-year to Rs 72,100 crore from Rs 62,774 crore a year
ago.
International brokerage Morgan Stanley has maintained an
overweight rating on Bajaj Finance, with a target price of Rs 1,050 per share.
The brokerage said the company’s 25 percent year-on-year AUM growth will likely
be viewed positively by investors, especially at a time when overall credit
growth in the system is showing signs of moderation.
The broking house noted that Bajaj Finance's lower exposure to
segments such as vehicle finance puts it in a stronger position compared to
peers. This should help the company stay on track to meet its FY26 AUM growth
guidance of 24 to 25 percent.
Customer additions also remained healthy, with 4.69 million new
customers added in the June quarter, marking a 5 percent increase year-on-year.
The management is aiming to add between 14 to 16 million new customers in the
current financial year.
Morgan Stanley added that investors will now closely watch the
company’s credit cost trajectory and the management’s commentary on both AUM
growth and asset quality in the coming quarters.
Bajaj Finance is trading 3.28% higher at 940 as of 9:46 am Friday
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