Select largecap stocks including ICICI Bank, JSW Steel, Bajaj Finance, Kotak Mahindra Bank hit their 52-week high during the trading session on Monday as the market continued to rally.
Kotak Mahindra Bank Ltd hit a 52-week high of Rs 2,149.65 against its previous one-year high of Rs 2,096. Bajaj Finance hit its one-year high of Rs 9,090.50 today.
Bajaj Finance is making waves, having already been a top performer in 2025. With recent management changes, including Rajeev Jain's elevation to Vice Chairman and Anup Kumar Saha's appointment as Managing Director, the stock's future is generating significant interest. On Business Today TV's "Market Today," experts weighed in on whether the stock still presents a buying opportunity. Mayuresh Joshi, Head Equity Research at William O'Neil India, highlighted the stock's positive ratings, rankings, and institutional holdings, emphasizing its leadership within the NBFC space. He pointed to the company's technological innovations, which are expected to drive loan growth, control costs, and improve margins and profitability. Mayuresh Joshi believes current holders should maintain their positions. Mitesh Panchal from miteshpanchal.in also expressed a strong preference for Bajaj Finance, noting its technical bottom at â‚ą8,500 and predicting a move towards â‚ą9,800 to â‚ą10,000. He emphasized the stock's momentum and the consensus view that it will soon reach a five-digit mark. Both experts are bullish on Bajaj Finance, citing its strong fundamentals, leadership, and technological advancements, suggesting that the stock still has room to grow despite its recent impressive performance.
On Wednesday, Bajaj Finance Ltd stock experienced a 2.3% increase, reaching a 52-week high of Rs 8,879 per share on the NSE.Â
The banking and financial sector has emerged as a consensus play, with heavyweight private sector banks and financials finally showing upward momentum. On Business Today TV's "Market Today," Deven Choksey, MD, DR Choksey FinServ Private, shared his top picks within this sector. He recommends corporate banks, large NBFCs, and large housing finance companies as prime investment choices. Deven Choksey also highlights positive developments in the insurance sector, including LIC's entry into health insurance and the Bajaj insurance companies' alliance breakup, which he believes will enable more focused growth. He expresses particular optimism for Bajaj, predicting better times ahead in the insurance business. Deven Choksey is distinctly positive about corporate banks and the housing finance sector, foreseeing the next 10 years as being superior to the previous 20. He emphasizes the long-term growth potential in these segments, driven by evolving market dynamics and strategic shifts within the industry.
Bajaj Finance share price: Brokerage firms continue to remain positive on Bajaj Finance shares on both technical and fundamental basis.
Bajaj Finance share price: The stock has risen  27% amid a crash in Sensex and Nifty this year. It has gained 33.64% in a year and 27% in six months.
The NBFC stock has risen 23.29% in 2025, 19.64% in three months and 16.14% in six months.
Stocks including Bajaj Auto, LIC of India, Zydus Lifesciences, Dr Reddy's Labs, GR Infra, L&T, Granules India, Bharat Petroleum, Zen Tech will be in the spotlight on Wednesday, March 19.
In the previous session, the Bajaj Finance stock closed 3.49% lower at Rs 7433.30 on BSE. Market cap of Bajaj Finance slipped to Rs 4.60 lakh crore.
Nifty 2025 target: The target implies a 14% potential upside from the current levels but is still 5% lower to the index's record high of 26,277 reached in September 2024.
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