On Thursday, Bajaj Finance Ltd. shares experienced a 1.14% increase, reaching ₹8,403.60. This performance occurred during an overall positive trading session, with the BSE SENSEX Index rising by 0.83% to 74,340.09. Despite the positive trend, Bajaj Finance’s stock remained 3.80% below its 52-week high of ₹8,736.00, achieved on February 27th. The trading volume for Bajaj Finance totaled 28,086, which is lower than the 50-day average of 37,800.
Bajaj Finance has been actively expanding its portfolio through strategic investments. In November 2022, the company acquired Mumbai-based SnapWork Technologies, enhancing its technological capabilities. Additionally, in October 2023, Bajaj Finance acquired a 26% stake in Hyderabad-based Pennant Technologies for ₹267.50 crore, signaling its commitment to strengthening its position in the financial technology sector. These strategic moves are expected to contribute to the company’s long-term growth and competitiveness in the market.