Jefferies has reiterated its buy rating on Bajaj Finance, raising the target price to ₹1,100 from ₹1,044. The revised target implies a potential upside of around 15% from the current market price of ₹956.50.
The brokerage acknowledged healthy overall growth, even though there has been a slight increase in MSME loan exposure, which may require close monitoring. Jefferies retained its guidance for FY26, but noted that Q2 performance will be key to reaffirm the current trajectory.
The firm highlighted a marginal uptick in credit costs, which are expected to persist for the next two to three quarters. This has led to a 1–2% downward revision in profit estimates, although the overall long-term outlook remains intact.
Disclaimer: The views and recommendations expressed above are those of Jefferies and do not represent the views of this publication. This article is not a recommendation to buy or sell any stock. Please consult your investment advisor before taking any financial decisions.
