Bajaj Finance Shares Surge After Rajeev Jain's Appointment
Bajaj Finance has hit a record high in its share prices following the appointment of Rajeev Jain as Vice Chairman. On March 21, shares climbed to ₹8,893, marking a rise of 2.46%. Jain will now oversee the company and lead new initiatives in healthcare and insurance. His appointment has prompted brokerages to raise their target prices for Bajaj Finance, with CLSA predicting a target of ₹11,000 per share, an increase of 27% from the last closing price. Other firms like BofA Securities and Morgan Stanley have also boosted their targets, reflecting confidence in Jain's leadership and the company's future.
