Bajaj Finance stock: Prabhudas keeps INR 1,150 target for Bajaj Finance stock

Published on 10/23/2026 at 15:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 net profit rose 28.80 percent to INR 63.67 billion. Bajaj Finance stock costs INR 928.95 on October 23, 2026, down 1.40 percent on the NSE.

Analyst target and earnings growth

Prabhudas Lilladher retained an INR 1,150 target on October 20, 2026.
Assets under management reached INR 5.85 trillion on September 30, 2026, up 26.00 percent year on year.
Bajaj Finance stock stood at INR 928.95 on the NSE on October 23, 2026, down 1.40 percent from INR 942.10 and 21.03 percent below its 52-week high.
The price-to-earnings ratio was 26.70 and market capitalization was INR 5.8 trillion on October 23, 2026.

Bajaj Finance, INE296A01024, Illustration mit AI erstellt.

Bajaj Finance (ISIN INE296A01024) received a retained Buy rating and an INR 1,150 target from Prabhudas Lilladher on October 20, 2026, according to Moneycontrol. The target was 23.80 percent above the NSE price of INR 928.95. Bajaj Finance was last at INR 928.95 on the NSE on October 23, 2026 at 3:28 p.m. IST, down 1.40 percent from INR 942.10.

Earnings support the target

Bajaj Finance reported consolidated net profit of INR 63.67 billion for the second quarter of fiscal 2027, up 28.80 percent from the year-earlier quarter, while net interest income rose 23.60 percent to INR 133.35 billion, CNBC TV18 reported on October 19, 2026. Assets under management reached INR 5.85 trillion on September 30, 2026, an increase of 26.00 percent year on year.

The lender booked 13.45 million new loans in the second quarter, up 11.00 percent from 12.17 million a year earlier. Loan losses and provisions rose 4.00 percent year on year to INR 21.66 billion, including INR 3.37 billion in additional management and macroeconomic provisions.

Stock stays below its yearly high

The NSE quote placed Bajaj Finance 21.03 percent below its 52-week high of INR 1,176.40 and 17.90 percent above its low of INR 787.90 on October 23, 2026. Trading volume was 6,269,340 shares, while the stock was down 1.60 percent year to date on the latest reported market comparison.

What does the target imply?

Prabhudas Lilladher's INR 1,150 target stood 23.80 percent above the NSE price. Its report retained a 4.0 times September 2028 estimated price-to-adjusted-book-value multiple, while highlighting margin pressure from higher funding costs. Moneycontrol published the research details on October 21, 2026.

Comparison with peers

Bajaj Finance: down 1.40 percent on October 23, 2026, price-to-earnings ratio 26.70, market capitalization INR 5.8 trillion. HDFC Bank (NSE, INR): down 0.18 percent on October 23, 2026, price-to-earnings ratio 13.35, market capitalization INR 10.7 trillion. Shriram Finance (NSE, INR): down 3.98 percent on October 23, 2026, price-to-earnings ratio 15.27, market capitalization INR 2.0 trillion.

Investor view

Bajaj Finance combines 26.00 percent AUM growth with a target that is 23.80 percent above the latest NSE price. The counterweight is a 4.00 percent increase in loan losses and provisions during the second quarter.

The stock stood at INR 928.95 on the NSE on October 23, 2026, while its 52-week range remained INR 787.90 to INR 1,176.40.