Bajaj Finance shares climbed more than 6% to reach a new 52-week high of ₹1,122.30, driven by a robust first-quarter earnings report.
The Indian non-banking financial company reported a 29% year-on-year increase in standalone net profit to ₹5,345.50 crore for Q1FY27, signaling continued strength in its core lending business.
Earlier in the week, Bajaj Auto shares rose over 4% to a 52-week high, while TVS Motor Company also saw gains following robust earnings from the two-wheeler sector.
The positive results prompted a wave of bullish sentiment from brokerages, which upgraded their outlook on the stock following the release.
The sharp price appreciation reflects investor confidence in the company's ability to maintain loan growth and asset quality in a competitive market environment.
This rally extends a broader positive trend for the Bajaj conglomerate, which has seen multiple entities benefit from strong quarterly performances.
Earlier in the week, Bajaj Auto shares rose over 4% to a 52-week high, while TVS Motor Company also saw gains following robust earnings from the two-wheeler sector.