Bajaj Finance hits record high of ₹8,440, ends 5% higher – 3 key takeaways

Bajaj Finance shares soared to an all-time high of ₹8,440 on February 3, surging 5.48% intraday before closing at ₹8,423.80 on the BSE—marking a 5.28% gain. The rally was fueled by Finance Minister Nirmala Sitharaman’s Budget 2025-26 announcement, which introduced a significant tax relief aimed at boosting consumer spending.

Key Highlights:

Budget Boost & Tax Relief:

The finance minister announced that individuals earning up to ₹12 lakh annually will now pay zero income tax under the new tax regime. This move is expected to put more disposable income in consumers' hands, driving higher spending.

Market & Analyst Reactions:

Consumption-driven stocks—FMCG, auto, and consumer durables—surged following the Budget announcement. Analysts believe this measure will enhance discretionary spending and support household balance sheets, reducing credit stress for retail lenders like Bajaj Finance.

Strong Q3 Performance:

Bajaj Finance posted an 18% YoY rise in net profit for Q3 FY25, reaching ₹4,308 crore. Total income climbed to ₹18,058 crore, while AUM surged 28% YoY to ₹3,98,043 crore. Net interest income (NII) also grew to ₹9,382 crore from ₹7,655 crore last year.

With the RBI expected to cut rates in its upcoming policy meeting on February 7, further upside for Bajaj Finance shares could be on the horizon. Notably, the stock has delivered a stellar 27% return over the past year.