Bajaj Finance outperforms Nifty despite market weakness
In short
Bajaj Finance has fallen only about 2% in 2026, while the Nifty is down around 13%. The report says the company’s Rs 17,500 crore capital raise is a key reason for the stock’s strength.
This matters for investors because Jefferies says the move could lift FY28e BVPS by 8%, even if EPS stays broadly flat. The wider market is still weak, and it is not stated how the new capital will be used.
What the reporting says
Bajaj Finance is down about 2% in 2026, while the Nifty has fallen roughly 13%, according to the publisher-supplied summary. The report links that relative strength to a Rs 17,500 crore capital raise through a QIP and promoter warrants, which Jefferies says could lift FY28e BVPS by 8% with EPS broadly flat. The broader market backdrop remains weak, and the outlook depends on how that capital is deployed.
Why it matters
Bajaj Finance is being highlighted as a rare outperformer in a weak market, with the stock down only about 2% in 2026 versus a roughly 13% fall in the Nifty. The summary ties that strength to a Rs 17,500 crore raise via QIP and promoter warrants. Jefferies is cited as seeing an FY28e BVPS benefit, which may support valuation, though the market remains under pressure.