Jefferies keeps Buy on Bajaj Finance stock with INR 1,280 target

Published on 10/13/2026 at 09:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AUM rose 26.50 percent to INR 5.85 trillion in the second quarter of fiscal 2027. For Bajaj Finance stock this means 13.45 million new loans.

Key points in brief

Bajaj Finance reported 26.50 percent AUM growth to INR 5.85 trillion in the second quarter of fiscal 2027.
New loans reached 13.45 million, up 11.00 percent year over year.
The board approved an INR 175.0 billion capital raise through a QIP and preferential warrants.
Jefferies retained its Buy rating and INR 1,280.00 price target.
Bajaj Finance is scheduled to discuss second-quarter results on October 19, 2026.

Bajaj Finance, INE296A01024, Illustration mit AI erstellt.

Bajaj Finance (INE296A01024) reported 26.50 percent year-over-year growth in assets under management to INR 5.85 trillion for the second quarter of fiscal 2027. The October 3, 2026 update also showed 13.45 million new loans, while Economic Times reported that Jefferies retained its Buy rating and INR 1,280.00 target on October 5, 2026.

Three dated operating markers

On October 1, 2026, the board approved a capital raise of up to INR 175.0 billion through an INR 117.0 billion qualified institutional placement and INR 58.0 billion of preferential warrants, according to ANI. On October 3, 2026, the company reported AUM of INR 5.85 trillion, up 26.50 percent from INR 4.62 trillion a year earlier, while new loans increased 11.00 percent from 12.17 million to 13.45 million, per CNBC TV18. On October 5, 2026, Jefferies kept its INR 1,280.00 target and Buy rating, implying 35.00 percent upside, according to Economic Times.

What does the raise change?

The proposed INR 175.0 billion raise expands the funding base alongside the INR 697.5 billion deposit book reported for September 30, 2026. The operating update therefore combines a 26.50 percent AUM increase with a financing decision that still requires shareholder and regulatory approvals, creating a clear balance between lending capacity and future equity supply.

Two dates for the next release

Scanx reports that Bajaj Finance will hold its board meeting on October 19, 2026, to consider results for the quarter and half year ended September 30, 2026. The same source dates the second-quarter earnings call to October 19, 2026 at 6:00 p.m. India time, giving investors two scheduled checkpoints for the next disclosure.

Scale remains the market anchor

Bajaj Finance had a market capitalization of INR 6.1 trillion as of October 13, 2026. The combination of 128.85 million customers, 13.45 million quarterly loan bookings and the proposed INR 175.0 billion raise puts operating scale and capital deployment at the center of the next results discussion.