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Bajaj Finance Stock Soars on Strong Q3 Update

5 Oct

Summary

Customer base grew by 4.42 million to 128.85 million in Q3.
New loans booked increased 11% year-on-year to 13.45 million.
Assets Under Management reached ₹5.84 lakh crore, up significantly.

Bajaj Finance experienced a significant stock price increase on October 5, 2026, following its September quarter business update. The company's customer franchise expanded by 4.42 million, reaching 128.85 million. New loans booked saw an 11% year-on-year rise, totaling 13.45 million during the quarter.

Assets Under Management (AUM) for Bajaj Finance reached ₹5.84 lakh crore by the end of the quarter, marking a substantial increase from the previous year. The company also approved a capital raise of nearly ₹18,000 crore through a Qualified Institutional Placement and preferential warrants.

Brokerage firm JPMorgan maintained an 'overweight' rating and increased its price target to ₹1,310, citing broad-based growth across segments. Similarly, Jefferies reiterated a 'buy' rating with a price target of ₹1,280, highlighting strong loan growth and potential stake monetization. The consensus among analysts suggests a significant upside potential from current stock levels.

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