Shares of India's Bajaj Finance rose as much as 6% to an all-time high on Thursday, a day after the non-bank lender reported a quarterly profit surge because of solid loan growth, which analysts said augurs well for its earnings next year.

Bajaj Finance shares soared six percent to a record high of Rs 8,250.65 after strong Q3 earnings, driven by robust AUM growth and upbeat brokerage calls projecting further upside.

Bajaj Finance Ltd announced a 17% YoY rise in net profit to ₹3,706 crore in the Oct-Dec quarter of FY2024-25. Shares closed higher ahead of the announcement after Wednesday’s trading session.

India's Bajaj Finance posted a rise in third-quarter profit on Wednesday, helped by strong loan growth during the holiday season.