Bajaj Finance (NSE:BAJFINANCE) posted robust Q1 growth—AUM ₹5.46 lakh crore (+23.9% YoY), deposits ₹72,109 crore, and 5.1M new customers to reach 124.4M—while bonds priced at 7.85% for June 2029 and the stock, trading in a rising channel, shows technical upside with a buy around ₹1,150 (SL ₹1,030).
Previous Week Recap
- Bajaj Finance AUM Grows; 124.4M Customers: BAJFINANCE Q1: AUM ₹5.46 lakh crore (+23.9% YoY); deposits ₹72,109 crore (deposit book ₹68,500 crore); added 5.1M new customers; total base 124.4M.
- Bajaj Finance Hits Rising Channel Buy Target 1150: BAJFINANCE trades in a rising channel, recovering above short-term moving averages. RSI indicates upside. CMP ~1,069; suggested buy target 1,150 and stop-loss 1,030.
- Bajaj Finance Bond Issuance At 7.85%: Bajaj Finance issued a 7.93% June 2029 bond, taking Rs 11.40 billion in bids and allocating at a 7.85% yield; company gave no comment on the deal.
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