Rising Interest in Housing and Finance Stocks: Bajaj Twins Lead the Way

In a notable surge of investor enthusiasm, Bajaj Finance and Bajaj Housing Finance have captured the spotlight as key players in India’s buoyant non-banking financial sector. The spotlight shines even brighter ahead of the April 29, 2025, board meeting of Bajaj Finance Ltd., where the company will deliberate on significant proposals, including a special interim dividend, a stock split, and a bonus share issue—developments that have already stirred strong market reactions.

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On April 24, Bajaj Finance’s shares price traded marginally higher at ₹9,370 and scaled an intra-day high of ₹9,709.95, touching a new 52-week peak. The stock has delivered a stellar 35% year-to-date return in 2025, adding over ₹1.5 lakh crore to investor wealth. Its market capitalization crossed ₹6 trillion, making it the eighth Indian listed company to do so and the fourth financial entity to enter this elite club. Other financial giants in this category include HDFC Bank, ICICI Bank, and SBI.

Strong operational metrics back the company’s robust market performance. Per the Q4 FY25 business update released on April 3, Bajaj Finance reported a 26% YoY asset growth under management (AUM) to ₹4.17 trillion and a 36% jump in new loans booked, reaching 10.7 million. The company also added 4.7 million new customers, bringing the total customer base to 101.8 million by the end of March 2025.

On the other hand, Bajaj Housing Finance Ltd. (BHFL) has shown equally compelling numbers. For FY25, it recorded a 25% rise in net profit at ₹2,163 crore, while revenue from operations grew 26% to ₹2,508 crore. AUM for BHFL expanded by 26% to ₹1.14 trillion, and loan assets grew by 25% YoY to ₹99,513 crore. In Q4 FY25 alone, BHFL reported a 54% increase in net profit to ₹587 crore, with net interest income rising 31% to ₹823 crore.

The upcoming board meeting will revisit corporate actions undertaken in September 2016, when Bajaj Finance issued 1:1 bonus shares and subdivided shares from ₹10 to ₹ two face value. If approved, the 2025 proposals could enhance shareholder value by improving stock liquidity and rewarding long-term investors.

Firms such as CLSA and Elara Capital remain bullish, assigning target prices of ₹11,000 and ₹11,161, respectively. Bajaj’s steady growth momentum, diversified loan book, and strong financial health support their outlook. As investors await the final verdict on April 29, the Bajaj Twins clearly underscore the rising appeal of housing and finance stocks in India’s equity landscape.