Bajaj Finance Shares Soar to 52-Week High of ₹9,070: Leadership Transition and Bullish Outlook Drive Rally

Bajaj Finance shares jumped over 4% to hit a new 52-week high of ₹9,070 in Friday's intraday trade on BSE following the announcement of a key leadership transition. This rally reflects strong investor confidence in the company's future direction and performance.

Leadership Changes

The company has appointed its long-serving Managing Director (MD), Rajeev Jain, as Vice Chairman of the flagship lending arm of the Bajaj Group. Jain will assume this new role in an executive director capacity for three years, effective April 1, a day after completing his tenure as MD. Anup Kumar Saha, currently the Deputy Managing Director, will succeed Jain as MD for a three-year term, also beginning April 1, 2025. The board approved these appointments on Thursday.

Rajeev Jain's Legacy

Rajeev Jain, an industry veteran with over three decades of experience, joined Bajaj Finance as CEO in 2007 and became MD in 2015. Credited with transforming Bajaj Finance into India's largest consumer financier, Jain has been with the company for 18 years.

Anup Kumar Saha's Background

Saha has been with Bajaj Finance since 2017, with over three decades of experience in the financial services industry. Before joining Bajaj Finance, Saha had a 14-year stint at ICICI Bank and served on the board of the bank's housing finance company.

Stock Performance

Bajaj Finance shares have surged 29% year-to-date and gained 31% over the last three months. The company's market capitalization stands at ₹5,54,287 crore.+

Bajaj Finance's leadership transition and strong market performance reflect the company's robust fundamentals and positive growth outlook.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here