Rs 1.5 lakh crore rally! Bajaj Finance crowned new Nifty king of 2025 with highest 36% return. What’s next?

While Bajaj Finance remains a top growth story with bullish analyst sentiment, concerns are rising over its stretched valuations. Vikas Gupta warns future returns will rely more on earnings than P/E expansion. BNP Paribas flags provisioning risks in Q4FY25. Still, with a strong business model and sector leadership, the stock stays on investor watchlists.