Bajaj Finserv Share Price has been making headlines in market becaus of its new acquisition. The company has acquired a 26% stake from Allianz SE in their joint insurance ventures, Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company. The total acquisition was made at a valuation of Rs 24180 crore. How the share will perform in market? let’s check target price and other analyst views in this article.
Bajaj Finserv Share Price in Today’s Market
As of today Bajaj Finserv Share Price is trading for Rs 1847.15 which is 1.25% down from the opening price. The stocks opened at Rs 1900 which was higher then yesterday closing price. Current UC Limit stands at Rs 2058.75 and LC limit stands at Rs 1684.45.
Company Financials
Bajaj Finserve has shown good financial performance over the past years. In Q3 the company has reported an increase in profits. Total premium collected is over Rs 40,000 Crore, this is with both Insurance Ventures. As per report revenue has increased 10% YoY which is Rs 32042 crore for Q3 which was Rs 29038 crore last year.
Recent News about Bajaj Finserve
The most recent news that is being talked about is the acquisition deal which is subject to regulatory approvals from Cthe ompetition Commission of India and the Insurance Regulatory and Development Authority of India. Once the approval is done BAGIC and BALIC will rise to 100%.
Bajaj Finserv Share Target Price
There are mixed view regarding Bajaj Finserv’s Share Price target. Some analysts suggest shares could touch Rs 2000 to Rs 2400 by the end of 2025. The average prediction says Rs 1952.50 is target which is 8.15% higher than the current price. Long-term prediction suggests Share price could reach a high of Rs 2800 by 2026, and Rs 4500 to Rs 5200 by the year 2030.
Recommendation on Buy or Sell
After the strategic acquisition and potential long-term value creation, many analysts suggest Buy for Bajaj Finserv Shares. But still, investors should keep a cautious eye on the market reactions and regulatory approvals that are in process. After this those who are ready for long-term investment can think about investing after talking to an expert.
All the information given above are for informational purposes only. Investors are advised to consult their certified Analyst or Expert before making any investment-related decision.
