Bajaj Finance approves INR 175.0 billion raise: JPMorgan raises target for Bajaj Finance stock

Published on 10/09/2026 at 11:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AUM rose 26.50 percent to INR 584.75 billion in the second quarter of fiscal 2027. JPMorgan raised its target for Bajaj Finance stock to INR 1,310.00.

Bajaj Finance approved an INR 175.0 billion capital infusion, including an INR 58.0 billion preferential issue.
Second-quarter fiscal 2027 AUM rose 26.50 percent year over year to INR 584.75 billion.
JPMorgan raised its target from INR 1,295.00 to INR 1,310.00, while the NSE quote was INR 959.40 on October 9, 2026.

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Bajaj Finance approved an INR 175.0 billion capital infusion, while JPMorgan raised its target from INR 1,295.00 to INR 1,310.00, as BusinessToday reported on October 5, 2026. The capital plan combines an INR 117.0 billion qualified institutional placement with an INR 58.0 billion preferential issue of convertible warrants.

Three dated growth signals

On October 3, 2026, Bajaj Finance reported second-quarter fiscal 2027 assets under management of INR 584.75 billion, up 26.50 percent from INR 462.26 billion a year earlier. The company booked 13.45 million new loans, an 11.00 percent year-over-year increase from 12.17 million, according to CNBC TV18.

On October 5, 2026, the capital raise became the strategic counterpoint to that growth. BusinessToday said the funding could support newer businesses, although higher borrowing costs could pressure net interest margins and reduce return on equity from the earlier 21.00-22.00 percent estimate to 19.00-20.00 percent in fiscal 2027 through fiscal 2029.

What does the raise mean for growth?

The Q2 update delivered a second comparison: customer additions reached 9.52 million against the fiscal 2027 target of 15.00-17.00 million. AUM growth of 26.50 percent also exceeded JPMorgan's 24.60 percent estimate, according to BusinessToday, while the article said JPMorgan lifted its fiscal 2027 AUM growth forecast to 25.80 percent from 24.00 percent.

Next dated company event

Bajaj Finance is scheduled to report its next earnings on October 19, 2026, according to Investing.com. The date follows the September 2026 operating update and will put the capital plan, loan growth and margin pressure into the same reporting frame.

Stock quote and valuation context

Bajaj Finance was last quoted at INR 959.40 on the NSE on October 9, 2026 at 3:15 p.m. IST, with a 52-week range of INR 787.90 to INR 1,176.40 and market capitalization of INR 6.0 trillion. The quote was INR 3.45, or 0.36 percent, above the prior close of INR 955.95, so the day's move was modest beside the 26.50 percent AUM comparison.