Jefferies has maintained a Buy rating on Bajaj Finance, setting a target price of ₹1,044, indicating a potential upside of about 10% from the current market price of ₹948.00.
The brokerage weighed in on the unexpected resignation of Anup Saha, who was appointed as Managing Director just in April 2025. In response, Rajeev Jain, the company’s former long-standing MD and currently the Executive Vice Chairman, will resume the role of VC & MD till March 2028.
Jefferies noted that despite the abrupt change, the presence of a seasoned management team and Jain’s continued leadership should ensure a smooth transition. However, the firm flagged that succession planning will remain a medium-term focus area for investors. It also speculated that Jain may later shift into an advisory role at Bajaj Finserv, the parent company.
Disclaimer: This article is based on brokerage research and is not a recommendation to buy or sell any securities. Investors should consult certified financial advisors before making investment decisions.
