JPMorgan raises target for Bajaj Finance stock to INR 1,310

Published on 10/13/2026 at 14:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results fall on October 19, 2026. Bajaj Finance stock stood at INR 982.75 on October 13, 2026, up 2.66 percent on the NSE.

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JPMorgan raised its target for Bajaj Finance stock from INR 1,295 to INR 1,310 on October 5, 2026, a target that stood 33.31 percent above the NSE price of INR 982.75. Business Today reported the target change on October 5, 2026, while the brokerage retained its overweight view. Bajaj Finance stock stood at INR 982.75 on October 13, 2026 at 3:28 p.m. IST, up 2.66 percent versus the NSE prior close of INR 957.25.

Results date sets the next test

Bajaj Finance is scheduled to report unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, on October 19, 2026. ScanX said the related earnings call is scheduled for 6:00 p.m. IST on the same date, giving investors a defined near-term reporting point.

Stock stays below its yearly high

The NSE price was INR 193.65 below the 52-week high of INR 1,176.40, leaving the stock 16.46 percent below that level. The 52-week low stood at INR 787.90, putting the latest price INR 194.85 above the bottom of the range.

Trading volume reached 7,558,414 shares against an average volume of 7,405,126 shares. The latest price therefore came with volume 2.07 percent above the average, a measurable market signal rather than a change in the company's operating profile.

Valuation and peer comparison

Screener lists Bajaj Finance as a lender serving retail, small-business and commercial customers. Its market capitalization was INR 6.1 trillion on October 13, 2026, and its P/E ratio was 30.17. The dividend yield was 0.57 percent.

Comparison with peers

Bajaj Finance: plus 2.66 percent, P/E 30.17, market capitalization INR 6.1 trillion

HDFC Bank (NSE, INR): plus 1.29 percent, P/E 13.95, market capitalization INR 11.0 trillion

Shriram Finance (NSE, INR): plus 6.31 percent, P/E 17.45, market capitalization INR 2.3 trillion

Price and investor watchpoints

The combination of a 30.17 P/E ratio and a 16.46 percent gap to the yearly high puts the October 19 results in a clear valuation and execution setting. The next disclosed operating figures will determine whether the current market multiple is accompanied by continued loan growth and profitability.