Bajaj Finance stock: Prabhudas Lilladher keeps INR 1,150 target for Bajaj Finance stock

Published on 10/21/2026 at 16:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MSME growth was 3.00 percent in Q2 FY27 amid margin pressure. Bajaj Finance stock stood at INR 926.00 on October 21, 2026, down 3.27 percent on NSE.

Broker view and lending metrics

Prabhudas Lilladher retained a Buy rating and an INR 1,150.00 target on October 20, 2026.
Assets under management rose 26.50 percent year over year to INR 584.62 billion in the second quarter of fiscal 2027.
Bajaj Finance stock stood at INR 926.00 on the NSE on October 21, 2026, down 3.27 percent, with a P/E of 26.62.

Bajaj Finance, INE296A01024, Illustration mit AI erstellt.

Bajaj Finance (ISIN INE296A01024) has an INR 1,150.00 price target from Prabhudas Lilladher, which retained its Buy rating in a report dated October 20, 2026. The broker kept its valuation at 4.0 times estimated September 2028 adjusted book value, while cutting its fiscal 2027, fiscal 2028 and fiscal 2029 profit estimates by 1.10 percent, 1.30 percent and 2.10 percent. Bajaj Finance stock was last quoted at INR 926.00 on the NSE on October 21, 2026 at 3:29 p.m. IST, down 3.27 percent from INR 957.35.

Growth remains the main support

DSIJ reported that assets under management rose 26.50 percent year over year to INR 584.62 billion in the second quarter of fiscal 2027. Net interest income increased 23.60 percent year over year to INR 133.35 billion, while profit after tax rose 28.60 percent to INR 63.67 billion.

The same update put MSME growth at 3.00 percent in the quarter and calculated net interest margin at 9.50 percent, down from 9.60 percent in the previous quarter. The comparison matters because higher funding costs are pressuring margins even as loan growth remains elevated.

Stock sits below its yearly high

The NSE quote places Bajaj Finance 21.30 percent below its 52-week high of INR 1,176.40 and 17.52 percent above its 52-week low of INR 787.90, both dated October 21, 2026. Its market capitalization was INR 5.8 trillion and its P/E was 26.62 on the same quote.

The latest broker view also includes a clear counterweight. Prabhudas Lilladher cited higher funding costs as a source of net interest margin pressure and noted asset-quality risks in gold loans, while management expects fiscal 2027 loan growth of 26.00 percent to 27.00 percent.

Capital and earnings dates

The company has approved a proposed INR 175.00 billion capital raise, comprising an INR 117.00 billion qualified institutional placement and an INR 58.00 billion preferential warrant issue, subject to shareholder approval, according to the DSIJ report dated October 20, 2026. The proceeds are intended to support lending growth and balance-sheet resilience.

The Economic Times reported on October 21, 2026 that 360 One WAM upgraded its rating from Hold to Buy and set an INR 1,150.00 target. The report also said customer franchise growth reached 16.00 percent year over year to 128.85 million as of September 30, 2026.

Peer valuation remains lower

On the NSE, HDFC Bank stood at INR 706.95 on October 21, 2026, down 0.71 percent, with a P/E of 13.63 and market capitalization of INR 10.9 trillion. Shriram Finance stood at INR 904.95, down 2.33 percent, with a P/E of 15.98 and market capitalization of INR 2.1 trillion. Bajaj Finance therefore traded at a higher reported P/E than both comparison companies.

Margin pressure sets the next test

For investors, the key tension is visible in the contrast between 26.50 percent AUM growth and the 9.50 percent calculated net interest margin. The INR 1,150.00 target remains 24.19 percent above the NSE price of INR 926.00, while the latest quote is well below the yearly high.

The further course of trading is shown by the continuously updated Bajaj Finance stock quote.