North India Statesman
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There is a tremendous bullish sentiment in the market regarding the shares of Bajaj Finance Limited. Brokerage houses are also having positive outlook on this stock, mainly due to the big news related to MD and CEO Rajiv Jain.
Share price rises, stock reached 52-Veek high
On Friday, Bajaj Finance shares opened at Rs 8,960.05 in BSE. By 9:44 am, it rose by 3.26% to Rs 9,070, which is 52-Veek high.
Rajiv Jain was appointed as Vice Chairman
Bajaj Finance has announced that Rajiv Jain will be appointed as Vice Chairman for the next 3 years from 1 April 2025. At the same time, Deputy MD Anup Kumar Saha has been made the new MD of the company.
Rajiv Jain was associated with Bajaj Finance as CEO in 2007 and became MD in 2015. Under his leadership, the company has recorded tremendous growth.
Bullish Outlook of Experts
According to a CNBC-TV18 report, 5 stock market experts believe that this stock may soon cross the Rs 10,000 level. At the same time, CLSA brokerage house has kept its target price of Rs 11,000.
More than 200% returns in the last 5 years
- In the last 90 days: The share price increased by more than 30%.
- In the last 1 year: Investors received a return of 33%.
- In the last 5 years: Stock has given more than 200% returns.
Market experts believe that Bajaj Finance’s magnificent fundamentals and strong leadership will take it towards growth even further.
