Bajaj Finance stock: JPMorgan keeps its INR 1,310 target for Bajaj Finance stock
Published on 10/19/2026 at 15:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and stock position
- JPMorgan maintained its INR 1,310 target on October 5, 2026.
- June-quarter profit rose 28.00 percent to INR 60.81 billion.
- Bajaj Finance stock was INR 957.35 at 3:29 p.m. IST on October 19, 2026, down 2.52 percent versus the NSE prior close of INR 982.10.
- Market capitalization was INR 6.0 trillion at a P/E ratio of 29.39.
JPMorgan maintained its Buy rating and kept a price target of INR 1,310 for Bajaj Finance in a note dated October 5, 2026, as listed by Investing.com. The target stands 36.83 percent above the INR 957.35 quote used for the comparison. Bajaj Finance was last at INR 957.35 on NSE on October 19, 2026 at 3:29 p.m. IST, down 2.52 percent from INR 982.10.
June profit sets a reference point
The June quarter provides the latest completed earnings comparison before the September-quarter update. Consolidated net profit rose 28.00 percent year on year to INR 60.81 billion, from INR 47.65 billion in the same quarter of the prior year, according to The Economic Times. Net interest income increased 23.00 percent to INR 125.71 billion during that quarter.
Stock sits below its yearly high
At INR 957.35, the stock stood 18.62 percent below its 52-week high of INR 1,176.40 and 21.49 percent above its 52-week low of INR 787.90. The same October 19 session recorded 8,307,809 shares, compared with an average volume of 7,357,407 shares, making the session volume 12.92 percent higher than average.
The September-quarter results were scheduled for October 19, 2026. That date matters because the June figures showed faster profit growth than the 23.00 percent increase in net interest income, while the latest market move placed the shares below the upper end of their annual range.
Valuation and peer comparison
Bajaj Finance had a market capitalization of INR 6.0 trillion and a P/E ratio of 29.39 as of October 19, 2026. Its sector profile is financial services, with credit services as the industry classification.
Comparison with peers
As of October 19, 2026:
Bajaj Finance (NSE, INR): minus 2.52 percent, P/E 29.39, market capitalization INR 6.0 trillion
HDFC Bank (NSE, INR): minus 2.31 percent, P/E 13.72, market capitalization INR 11.0 trillion
Shriram Finance (NSE, INR): minus 1.43 percent, P/E 16.36, market capitalization INR 2.2 trillion
Price and target in perspective
The contrast is direct: JPMorgan's INR 1,310 target sits above the current NSE quotation, while Bajaj Finance trades below its 52-week high and carries a higher P/E ratio than both comparison names. The numbers leave the target distance and the September-quarter results as the main reference points for the next valuation update.
Market context: Market report BSE Sensex.
