Avendus Spark adjusts target to INR 1,000 for Bajaj Finance stock
Published on 10/26/2026 at 15:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and price
- Avendus Spark set an INR 1,000 target on October 20, 2026.
- Bajaj Finance reported 26.00 percent AUM growth to INR 5.85 trillion in the second quarter of fiscal 2027.
- Bajaj Finance stock last traded at INR 918.70 on October 26, 2026 at 3:28 p.m. IST, down 1.10 percent from INR 928.95.
Bajaj Finance (ISIN INE296A01024) has an INR 1,000 share-price target from Avendus Spark dated October 20, 2026. The target stands 8.85 percent above the latest NSE price. As MarketScreener reported, Avendus Spark adjusted its target to INR 1,000 while retaining a Buy recommendation. Bajaj Finance last traded at INR 918.70 on October 26, 2026 at 3:28 p.m. IST on the NSE, down 1.10 percent from INR 928.95.
Target reflects margin pressure
The October 20 analyst update combines strong asset growth with pressure on lending margins. MarketScreener reported that Avendus Spark retained its 4.0 times September 2028 estimated price-to-adjusted-book-value multiple and cut its fiscal 2027, fiscal 2028 and fiscal 2029 profit estimates by 1.10 percent, 1.30 percent and 2.10 percent.
The target is 8.85 percent above the NSE price of INR 918.70. That spread gives the analyst view a measurable valuation signal, while the estimate reductions identify funding costs and margin performance as key variables.
Q2 growth remains visible
Bajaj Finance reported consolidated net profit of INR 63.67 billion for the September 2026 quarter, up 28.80 percent year over year. Net interest income increased 23.60 percent to INR 133.35 billion, while assets under management rose 26.00 percent to INR 5.85 trillion, according to CNBC TV18 on October 19, 2026.
The lender booked 13.45 million new loans in the second quarter of fiscal 2027, an 11.00 percent increase from 12.17 million a year earlier. It also added 4.42 million customers, taking its customer franchise to 128.85 million, the same report said.
Comparison with peers
Bajaj Finance: down 1.10 percent, P/E 26.41, market capitalization INR 5.7 trillion.
HDFC Bank: down 0.69 percent, P/E 13.26, market capitalization INR 10.6 trillion.
Shriram Finance: down 4.62 percent, P/E 13.75, market capitalization INR 1.9 trillion.
Price and investor view
The price sits INR 81.30 below the INR 1,000 target, while the second-quarter figures show that loan growth and asset expansion remain substantial. The next market reaction will depend on whether operating growth can offset the margin pressure identified in the analyst update.
The further course of trading is shown by the continuously updated real-time quote of Bajaj Finance stock.
Bajaj Finance stock at a glance
- Company: Bajaj Finance Limited
- ISIN: INE296A01024
- Ticker: BAJFINANCE
- Primary exchange: NSE
- Price NSE (as of October 26, 2026, 3:28 p.m. IST): INR 918.70
- Change versus prior close: minus 1.10 percent
- Prior close: INR 928.95
- Market capitalization: INR 5.7 trillion (as of October 26, 2026)
- 52-week range: INR 787.90-1,176.40 (as of October 26, 2026)
- Sector / Industry: Financial Services / Credit Services
Market context: Market report BSE Sensex.
