Bajaj Finance: Sustained on Resistance with Robust Fundamentals

📈Technical Analysis:

Bajaj Finance is one of the most bullish stocks in the Indian market, with a consistent uptrend visible over the last two decades – from just ₹3–4 to current levels.

Looking at recent performance:

Before COVID, the stock was hovering around ₹5,000 levels.

Even during April–May 2021, the price remained near ₹5,000.

Then, a sharp rally took the stock to ₹8,000 by October 2021, forming an all-time high.

That ₹8,000 level acted as a strong resistance repeatedly in 2022, 2023, 2024, and early 2025.

Breakout Post Q3 FY25 Results: Following the announcement of strong Q3 FY25 results on January 29, 2025, the stock broke through the ₹8,000 resistance within a week. By February and March, this level transitioned into a solid support zone, with the stock currently trading around ₹8,600.​

📌 Targets to Watch:

1st Target: ₹9,260 (recent all-time high)

2nd Target: ₹9,500

3rd Target: ₹10,000

📌 Support Levels:

Immediate support at ₹8,000

Stronger support zones at ₹6,800 and ₹6,900 (previous higher lows)

As long as these support levels hold, Bajaj Finance remains firmly bullish.

📊 Fundamental Analysis:

📌 Bajaj Finance's Q3 FY25 performance underscores its robust financial health and strategic growth:​

• Total Income: ₹18,035 Cr (vs ₹17,091 Cr in Q2 FY24 and ₹14,164 Cr in Q3 FY23)
  
• Total Interest: ₹6,386 Cr (vs ₹6,149 Cr in Q2 FY24 and ₹4,868 Cr in Q3 FY23)
  
• Total Expenses: ₹5,691 Cr (vs ₹5,338 Cr in Q2 FY24 and ₹4,229 Cr in Q3 FY23)
  
• Total Operating Profits: ₹5,958 Cr (vs ₹5,604 Cr in Q2 FY24 and ₹5,067 Cr in Q3 FY23)
  
• Profit Before Tax: ₹5,765 Cr (vs ₹5,401 Cr in Q2 FY24 and ₹4,896 Cr in Q3 FY23)
  
• Profit After Tax: ₹4,308 Cr (vs ₹4,014 Cr in Q2 FY24 and ₹3,639 Cr in Q3 FY23)
  
• Diluted Normalized EPS: ₹68.60 (vs ₹64.62 in Q2 FY24 and ₹58.88 in Q3 FY23)
  

Additional Highlights:

• Assets Under Management (AUM): Surged by 28% year-on-year to ₹3.98 trillion as of December 31, 2024.
  
• Customer Base Expansion: Added a record 5.03 million customers in Q3, bringing the total customer franchise to 97.12 million.
  
• Loan Growth: New loans booked reached 12.06 million in Q3 FY25, a 22% increase from 9.86 million in Q3 FY24.
  
• Digital Transformation: The Bajaj Finserv App now boasts 66.57 million net users, reflecting the company's commitment to enhancing digital engagement.
  
• Asset Quality: Gross NPA stood at 1.12%, with Net NPA at 0.48%, indicating stable asset quality.
  

📝 Conclusion:
Bajaj Finance has broken through its long-standing resistance and is entering a fresh bullish zone. With strong Q3 numbers and optimistic guidance, the rally may continue if key levels sustain.

💡 Upside Targets: ₹9,260 – ₹9,500 – ₹10,000
🛑 Support Zone: ₹8,000, followed by ₹6,800 – ₹6,900

🔔Disclaimer: This report is purely for educational and informational purposes. Please consult your financial advisor before making any trading or investment decisions.