Prabhudas Lilladher sets INR 1,150 target for Bajaj Finance stock

Published on 10/22/2026 at 11:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The FY27 AUM outlook moved to 26-27 percent from 23-25 percent. Bajaj Finance stock stood at INR 939.15 on October 22, 2026, below INR 1,150.

Growth and valuation signals

Prabhudas Lilladher set an INR 1,150 target on October 20, 2026.
Bajaj Finance lifted FY27 AUM growth guidance to 26-27 percent from 23-25 percent.
Consolidated profit after tax reached INR 6,367 crore in the second quarter of FY27.

Bajaj Finance stock, financial services, AUM guidance, analyst target, NSE, BSE Sensex, Illustration mit AI erstellt.

Bajaj Finance set an INR 1,150 price target in a research note from Prabhudas Lilladher dated October 20, 2026, while the lender's FY27 assets-under-management guidance moved higher to 26-27 percent from 23-25 percent. According to Moneycontrol, the broker retained a Buy view and cited a target of INR 1,150.

Target reflects growth and risk

Prabhudas Lilladher's note put the valuation call against 26 percent AUM growth in the second quarter of fiscal 2027 and an expected 26 percent AUM increase in fiscal 2027. It also highlighted a net interest margin of 9.5 percent and projected credit costs of 1.6 percent for fiscal 2027, keeping funding costs and asset quality central to the valuation.

The target sits above the latest NSE quote of INR 939.15, giving the valuation discussion a clear operating counterpoint: the company is expanding quickly, but margin compression remains a stated monitoring point. The price target itself is an analyst view, not company guidance.

Three events set the timeline

On October 1, 2026, the board approved a proposed INR 11,700 crore qualified institutional placement and INR 5,800 crore of warrants, subject to shareholder approval, according to the Bajaj Finance filing. On October 19, 2026, the company reported second-quarter fiscal 2027 consolidated profit after tax of INR 6,367 crore, up 29 percent year over year. On October 20, 2026, Prabhudas Lilladher published its INR 1,150 target.

What does growth mean for margins?

The second-quarter figures show both scale and pressure points. Assets under management reached INR 584,624 crore, up 26 percent from INR 462,261 crore a year earlier, while net interest income rose 24 percent to INR 13,335 crore from INR 10,785 crore, according to the Bajaj Finance filing. Annualized return on equity improved to 20.6 percent from 19.1 percent in the year-earlier quarter.

The operating picture was not uniformly stronger. Loan losses and provisions reached INR 2,166 crore, including an INR 337 crore management and macroeconomic provision. Excluding that provision, loan losses declined 12 percent year over year to INR 1,829 crore, while net non-performing assets stood at 0.42 percent as of September 30, 2026.

Stock quote and investor frame

Bajaj Finance was trading at INR 939.15 on the NSE on October 22, 2026, at 3:06 p.m. IST. The quote was above the 52-week low of INR 787.90 and below the 52-week high of INR 1,176.40, while market capitalization stood at INR 5.8 trillion as of October 22, 2026. The company remains positioned between rapid AUM expansion and the need to protect margins as funding costs evolve.