Bajaj Finance Outperforms Nifty Despite Market Downturn
Bajaj Finance has declined only about 2% in 2026, outperforming the Nifty which fell roughly 13%. This relative strength is attributed to a Rs 17,500 crore capital raise through QIP and promoter warrants. Jefferies expects this to increase the FY28 estimated book value per share by 8%, while earnings per share remain broadly flat. Foreign portfolio investor outflows have reached $26.8 billion year to date.
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