BAJAJFINSERV CMP 2008 TARGET 2016-2024 SL 2004

BAJAJFINSERV CMP 2008 TARGET 2016-2024 SL 2004

The stock is making higher high and higher bottoms after falling to Rs.1986. With the same style, the stock keeps a potential to hit price of Rs.2016 which was its previous swing high as well as yesterday’s high price too. Considering a good support at around Rs.2002-2004, once can look for Rs.2016 as a forst target and then Rs.2024 if the stock sustains above the level of 2016.

International brokerage Morgan Stanley has maintained an overweight rating on Bajaj Finance

Bajaj Finserv holds 52.49% stake in Bajaj Finance Ltd., a listed non-bank with the strategy and structure of a bank. It holds 74% stake each in Bajaj Allianz General Insurance Company Ltd.

Recently, 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. 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.