Bajaj Finance is the largest non-banking finance company and it has a very high market share in the finance industry. Currently, the stock is trading near its all-time high and also it is ready to break it. Many investors are now bullish on the stock and expecting a big move in Bajaj Finance’s share price targets for 2024, 2025, and 2026.
The business model of the compnay is very attractive and has a good market share in many businesses like Consumer Lending, Mortgages, SME Lending, Rural Lending, and many more we shared below.
In the last 3 years, the Bajaj Finance stock has given nearly 75% return but for the last 2.5 years no return. As of now, in a few upcoming months, the stock can give more returns in the market condition and the news goes in the favor of the company.
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About Bajaj Finance
Bajaj Finance is an Indian company and it is a subsidiary company of Bajaj Finserv. the company was founded in 1987 and as of now, its managing director is Shri. Rajiv Jain.
Bajaj Finance is a non-banking company that provides related services and products to customers. Bajaj Finance offers many services and products like various types of insurance plans, home loans, personal loans, loans against property, gold loans, business loans, fixed deposits, credit cards, mobile banking, electronic products on EMI, lifestyle products on EMI, and many more services products.
In all types of loan services, there are a few limitations in the amount of loan. The list is very big of their services and products. You can explore each service and product by visiting their official website.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of company among the all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, so it is highly recommended to do a fundamental analysis of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The fundamentals of the Bajaj Finance company were last updated on 13 Feb 2024. Check the latest information on any broker website or screener.
Net Profit & Loss (Yearly)
| Year | Profit & Loss (In Crore) |
|---|---|
| March 2019 | ₹3,995 |
| March 2020 | ₹5,264 |
| March 2021 | ₹4,420 |
| March 2022 | ₹7,028 |
| March 2023 | ₹11,508 |
New Profit & Loss (Quarterly)
| Quarter | Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | ₹2,973 |
| Mar 2023 | ₹3,158 |
| Jun 2023 | ₹3,437 |
| Sep 2023 | ₹3,551 |
| Dec 2023 | ₹3,639 |
Company Essentials
| Market Cap | ₹4,06,387Cr | ROE | 21.91% |
| P/E Ratio (TTM) | 29.48 | EPS (TTM) | 223.04 |
| P/B Ratio | 5.92 | Div Yield | 0.45% |
| Industry P/E | 18.84 | Book Value | 1111.20 |
| Debt to Equity | 4.28 | Face Value | 2 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | 20.09% | 20.41% | 20.92 |
| DIIs | 12.83% | 13.05% | 14.01 |
| Public | 10.99% | 10.50% | 10.17 |
| Promoters | 55.87% | 55.87% | 54.78 |
| Other Holders | 0.13% | 0.10% | 0.05% |
Key Points
- The net profit of the Bajaj Finance compnay has almost increased by 300% as compared to the last 5th year.
- In the last 1 year, the Bajaj Finance stock has given approx. 16% return.
- Over the last 2 quarters, the FIIs and DIIs have increased their holdings in the stock.
- The net profit of the Dec 2023 quarter, is higher than its last few quarters.
- In the year 2023, the Bajaj Finance compnay made a net profit of Rs. 11,508 Crore which is a massive achievement for the compnay.
Quarterly Results
The quarterly profit of the Bajaj Finance company is increasing in each quarter. The good thing about the quarter net profit of the compnay is in every quarter the company is making more profit then its last quarter.
Thumb Rules for Investing
Just by doing fundamental analysis, anyone cannot book maximum returns on the stocks. Based on the investors’ experiences a few basic rules become the t rules for investing. In short, most retail investors or newbie investors make the below mistake as a result they do not get the maximum return on their investing.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge you should follow the rules to make your self psychology strong.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock is available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
Bajaj Finance Share Price Target
Bajaj Finance is involved in many businesses and the NBFC company is the largest. In the different businesses, the company has a good market share in Consumer lending a market share is 23%, in the Mortage business is 31%, in SME lending the market share is 13%, in Rural Lending the market share is 10%, and in Commercial lending, the market share is 6%.
According to the thumb rules of investing the current price of the Bajaj Finance stock is not good for long-term investing. Because the stock is near its all-time high. You should only invest when the stock is available at least a 10 – 15% discount from its all-time high or 52-week high.
You should invest in the stock in SIP mode if you want to invest now. So, you’ll get a profit in case the stock does not fall. The feature of SIP in the stock is available on almost all the broker’s platforms (app and website).
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
Bajaj Finance share price target 2024
As of now, the Bajaj Finance stock is very close to its 52-week high, and most probably very soon it can break its all-time high. So, if you want to make some profit in the short term from the stock then you can plan trade based on the technicals.
In the October to December months, the stock was falling after making an all-time high. Again the stock seems very bullish and formed a very bullish candle in the weekly time frame.
As of 13 Feb 2024, the stock is trading near Rs. 6614 and most probably it can reach Rs. 8500 very easily in 2024.
Bajaj Finance share price target 2025
If you compare profit of the Bajaj Finance for the 2023 year to 2018 then you’ll find a huge growth in its profit. In 2018 the Bajaj Finance compnay made profits of Rs. 3,843 and in 2023 the company made profits of Rs. 11,508 Crore.
As the profit of the compnay is almost 300% the PE Ratio of the compnay is at a very low level. As of now the the PE Ratio is at 35.6 and its all-time high PE ratio was 104.2.
So, after having a good profit the stock price is not given a good return but most probably it can give a huge return in the 1 to 2 years.
Bajaj Finance share price Target 2026
As of now, Bajaj Finance is the largest NBFC in India. In the Finance business, there is a huge opportunity available as of now. As a result, a lot of companies are also involved in the compnay.
Recently the Jio Finance Services Limited company is also been involved in the same business but as of now, accurate information is not available.
In a few words, as of now Bajaj Finacins is the largest compnay and have good expertise in the business. Most probably it can also lead in the upcoming year and give a good return for the long term.
We strongly recommend you do not invest with only this information. Do proper research about the compnay and the industry. After proper research invest in the company in SIP mode as the stock is available at near its all-time high which can be very risky for investing.
FAQs
In 2024, there is a very low chance that the stock can give a good return. In the short term, it can give a 5 – 7% return if the resistance is broken. According to the current price action, the stock will go down in the short term. In the above chart, the levels of the stock are mentioned.
If you are a short-term trader and you getting a 10 – 15% return on the stock you can exit. In short-term trades, a 10 – 15% return is very high. In case, if you are a long-term investor then you should hold the stock. According to the company fundamentals and the experts, the stock will give a very high return in the upcoming years.
The Bajaj Finance is filling as of now and it can fall more in the upcoming days. If the stock is good according to your analysis and research. You can do SIP in the stock for the long term to make a good return. According to its business model and the fundamentals the stock looks very good.
Final Words: The Bajaj Finance company’s fundamentals are very strong and there are no major problems or issues in the company’s fundamentals as of 13 Feb 2024. According to the technical analysis and pattern if the stock breaks its all-time high then we can see a big target in the Bajaj Finance share price for 2024, 2025, and 2026. The more time the stock will spend in the rage the more powerful breakout can happen.