GENERAL3 Oct 2026
Bajaj Finance shares: Jefferies India's top stock pick — 35% upside seen despite negative YTD return | Target price | Stock Market News
Bajaj Finance's board has approved a ₹17,500 crore fund raise, split into a ₹11,700 crore share sale to institutions and ₹5,800 crore of warrants for promoter Bajaj Finserv. Brokerage Jefferies sees the stock at ₹1,280, about 35% above its current ₹947.50, though the shares are down. If you hold or track this stock, treat that target as one analyst's view, not a promise.
Key Statutory Highlights
- Bajaj Finance's board approved a fund raise of up to ₹17,500 crore, made up of a ₹11,700 crore QIP and a ₹5,800 crore preferential issue of warrants to promoter Bajaj Finserv.
- Jefferies, in its 2 October 2026 report, set a Bajaj Finance price target of ₹1,280, which is about 35% above the current market price of ₹947.50.
- Bajaj Finance shares have fallen around 10% in one month and given a negative return so far this year.
Actionable Advice for Taxpayers / Founders:If you hold or plan to buy Bajaj Finance, remember this target is one brokerage's opinion, not a guarantee. Check your own goals and time frame, and speak to a registered adviser before acting.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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