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Bajaj Finance Shares Soar 4% on Robust Q2 Asset Growth; JPMorgan Raises Target Price
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Moneycontrol•05-10-2026, 11:43
Bajaj Finance Shares Soar 4% on Robust Q2 Asset Growth; JPMorgan Raises Target Price
- •Bajaj Finance shares gained nearly 5 percent in intraday trade, breaking a four-session losing streak, after reporting strong asset growth in Q2.
- •The company's Assets Under Management (AUM) grew 26.5 percent year-on-year to approximately Rs 5.84 lakh crore as of September 30.
- •AUM increased by Rs 37,800 crore during the July-September quarter, with the deposit book reaching Rs 69,750 crore.
- •Bajaj Finance's board approved a fund-raising plan of nearly Rs 18,000 crore, including Rs 11,700 crore via QIP and Rs 5,800 crore through preferential warrants to Bajaj Finserv.
- •JPMorgan maintained its 'overweight' rating and raised its price target for Bajaj Finance to Rs 1,310 from Rs 1,295, citing broad-based growth and sustained momentum.
Key Questions Answered
Bajaj Finance announced that its assets under management grew by 26.5 percent year-on-year to reach approximately Rs 5.84 lakh crore as of September 30, with an AUM increase of Rs 37,800 crore during the July-September period.
The board of Bajaj Finance approved a fund-raising plan of nearly Rs 18,000 crore, which includes Rs 11,700 crore through a qualified institutional placement and Rs 5,800 crore via preferential warrants to promoter Bajaj Finserv.
JPMorgan retained its 'overweight' rating on Bajaj Finance and increased its price target from Rs 1,295 to Rs 1,310 per share.
