Bajaj Finance shares jump after Q2 AUM growth update
In short
Bajaj Finance shares rose on Monday after the company said Q2 FY27 AUM grew 26.5% year on year to nearly Rs 5.85 lakh crore. Jefferies kept a Buy rating and a Rs 1,280 target, which it said implies 35% upside.
This matters because investors reacted to the growth update and the broker’s bullish call. The report did not say whether Bajaj Finance gave any new profit forecast or wider outlook.
What the reporting says
Bajaj Finance shares rose sharply on Monday after the NBFC reported 26.5% year-on-year growth in Q2 FY27 assets under management to nearly Rs 5.85 lakh crore, according to publisher summaries. Jefferies kept a Buy rating and a Rs 1,280 target price, implying 35% upside, and called Bajaj Finance a top pick. The reporting did not say whether the company itself gave new profit guidance or a formal outlook.
Why it matters
Bajaj Finance reported 26.5% year-on-year AUM growth in Q2 FY27 to nearly Rs 5.85 lakh crore, and Jefferies reiterated a Buy rating with a Rs 1,280 target price. The broker said that implies 35% upside and kept the lender as a top pick. The reporting points to positive sentiment for the stock, but it does not provide a company-issued outlook beyond the AUM figure.