Bajaj Finance shares jumped 5% to ₹995 on Monday, breaking a four‑day losing streak on both NSE and BSE. JPMorgan just bumped its target to ₹1,310 from ₹1,295, citing broad‑based growth across segments.
The firm booked 13.45 million new loans in Q3, a 23% rise over the June quarter's 12.17 million and 11% YoY growth from last year’s 12.13 million. That uptick reflects a steady uptick in consumer and SME lending.
Assets under management hit ₹5.84 lakh crore, up ₹1.22 lakh crore year‑on‑year, while deposits climbed to ₹69,750 crore. The board cleared an ₹18 000 crore raise, split between a ₹11.7 crore QIP and ₹5.8 crore promoter warrants.
Jefferies maintains a ‘buy’ rating with a ₹1,280 target, citing 23% loan growth and stake monetisation in Bajaj Housing Finance. The consensus of 39 analysts implies a 22% upside from today’s ₹983.3 level.
With a projected 2027 growth lift, analysts expect the stock to stay bullish. The next earnings call is slated for November 12, where guidance on loan growth and AUM will be scrutinised.