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 posted a 17% YoY rise in consolidated net profit for the December quarter, reaching Rs 4,247 crore, surpassing estimates. Revenue from operations increased by 13%, and net interest income rose by 23%.

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