Bajaj Finance shares bounce 5% after Q2 commerce replace. Why Jefferies sees 35% upside in its high choose?
Bajaj Finance shares rose to Rs 993 apiece on Monday morning, snapping a four-session dropping streak. The firm on Saturday reported a virtually Rs 37,800 crore enhance in AUM through the July-September quarter, from Rs 4.6 lakh crore within the corresponding quarter of the earlier monetary yr.
The non-banking monetary firm’s buyer franchise stood at 12.89 crore as of September 30, 2026, as in comparison with 11.1 crore throughout the identical interval final yr. It added greater than 44 lakh clients through the second quarter of FY27.
Bajaj Finance’s new loans booked elevated 11% YoY to 1.345 crore in Q2 FY27, in contrast with 1.217 crore in Q2 FY26. However, the NBFC stated the figures aren’t straight comparable as a result of early onset of the festive season final yr.
The firm’s deposits stood at Rs 69,750 crore on the finish of Q2 FY27. The numbers are provisional and topic to audit, with the corporate set to launch its last Q2 outcomes later.
Bajaj Finance to boost Rs 17,500 crore through QIP
Bajaj Finance final week introduced that it’s going to elevate Rs 17,500 crore via a mixture of share sale to institutional buyers through a certified institutional placement (QIP) and warrants issued to promoters because it prepares for its subsequent part of development. This would mark the primary fairness capital elevate by Bajaj Finance since November 2023, when it raised Rs 10,000 crore via an identical mixture.
In a late-night discover to the inventory exchanges on Thursday, Bajaj Finance stated that the corporate’s board of administrators had permitted elevating Rs 11,700 crore via a QIP and Rs 5,800 crore via the difficulty of warrants through a preferential allotment to promoter Bajaj Finserv.Also learn | Bajaj Finance to raise Rs 17,500 cr via QIP, preferential issue
Jefferies on Bajaj Finance
Jefferies reaffirmed Bajaj Finance as amongst its high picks following the Q2 commerce replace, maintained its ‘Buy’ name and a goal worth of Rs 1,280 apiece, implying 35% upside potential.
The transnational brokerage famous that the corporate’s 26% YoY development in AUM marks its highest in seven quarters. It stated development in new loans booked slowed from 20% to 11% YoY, partly as a result of early festive season within the base when it had grown by 26% YoY.
Bajaj Finance share worth
Bajaj Finance shares have fallen greater than 6% in a month, however gained over 2% in 2026 to this point. The inventory has outperformed the Nifty 50 index which has fallen 14% this yr amid a number of headwinds.
In the long run, Bajaj Finance shares have delivered over 26% returns in three years and 29% in 5 years. The firm has a market capitalisation of greater than Rs 6.17 lakh crore.
Also learn | Bajaj Finance: Why this rare Nifty outperformer is likely to reward investors in a muted market
Disclaimer: This article has been written by Debaroti Adhikary, who is just not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as outlined below Section 2(77) of the Companies Act, 2013) don’t maintain any monetary curiosity within the firms talked about on this article as of the date of publication. The views/suggestions talked about on this article, wherever relevant, are these of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They shouldn’t be construed because the views or suggestions of The Economic Times Digital or the journalist. Readers are suggested to think about the unique analysis report and make their financial backing selections primarily based on their very own evaluation. Brokerage disclaimers here.
