BusinessJefferies India Sees 35% Upside in Bajaj Finance Shares
Jefferies India has named Bajaj Finance as its top stock pick despite a 2.5% year-to-date decline and a 10% drop in the past month. The report dated October 2, 2026, forecasts a 35% price increase, citing a ₹17,500 crore capital raise approved by Bajaj Finance's board. This includes ₹5,800 crore preferential warrants and ₹11,700 crore QIP, expected to boost FY28 book value per share by 8%. The company shows strong loan growth and stable leverage, maintaining its position as a top pick.
Mint Markets·



