Positive impactResults
Bajaj Finserv shares rise 2%, extend gains after Q2 results. Why Jefferies reduced target price but still sees 34% upside
Economic Times 1 hr ago·4 Nov 2026, 4:56 am
Bajaj Finserv shares continued their upward momentum after the company reported strong second-quarter results. The financial services firm saw a 17% year-on-year rise in revenue from operations, reaching Rs 43,416 crore. This positive performance helped the stock extend its gains, trading around Rs 1,749.
Despite the strong showing, foreign brokerage Jefferies maintained a 'Buy' rating on the stock. However, the firm slightly lowered its target price. Investors should note that the brokerage still believes the stock has significant potential, citing a projected 34% upside from current levels. This suggests confidence in the company's long-term growth trajectory despite the minor adjustment in price target.
Moving forward, market participants will likely focus on the company's credit growth and asset quality. These factors will be crucial in determining if the stock can sustain its recent rally and reach its valuation targets.
Excerpt from Economic Times
Bajaj Finserv shares had gained around 2% on Tuesday as well after the company announced the earnings, reporting a 17% YoY increase in revenue from operations to Rs 43,416 crore for the second quarter of the ongoing financial year 2027, from Rs 37,215 crore reported in the year-ago period. The shares of the company…Read the original at Economic Times
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Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Bajaj Finserv (BAJAJFINSV).
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Bajaj Finserv worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
