Thu Jan 02 13:50:00 UTC 2025: ## Bajaj Finance and Bajaj Finserv Shares Surge on Citi’s Bullish Outlook

**Mumbai, India** – Shares of Bajaj Finance Ltd and Bajaj Finserv Ltd experienced significant gains today, rising up to 9% in early trading. This surge propelled both stocks to the top of the Sensex and Nifty gainers. The rally was fueled by Citi’s reaffirmed “Buy” rating for Bajaj Finance, with a target price of ₹8,150. Citi placed the stock under a “90-day catalyst watch,” anticipating strong performance in the company’s Q3 results.

Bajaj Finance shares saw a 6% intraday jump, closing at ₹7,499.95. Citi’s report projects a 6% quarter-on-quarter (QoQ) and 7% year-on-year (YoY) growth in assets under management (AUM), driven by growth in mortgages, sales financing, securities lending, and new businesses. While forecasting a slight increase in credit costs to 2.2-2.25% in Q3, Citi highlighted the positive impact of mortgage financing, sales financing, and new ventures.

Bajaj Finserv shares mirrored the positive trend, climbing 8.92% to ₹1,717.45. Both companies’ market capitalization increased significantly. The relative strength index (RSI) for both stocks indicates neither is currently overbought or oversold, suggesting further potential for growth. Both stocks are trading above all major moving averages, indicating a strong upward trend.

The substantial increase in share prices underscores investor confidence in the companies’ future performance, particularly in light of Citi’s optimistic outlook and projections for Q3.

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