From The Economic Times · Akash Podishetti · · 1m 20s
Bajaj Finance Outperforms Nifty in Muted Market
Bajaj Finance's capital raise and strong asset quality boost investor confidence amid Indian market weakness.
In brief
Bajaj Finance's capital raise and strong asset quality boost investor confidence amid Indian market weakness. Bajaj Finance's Rs 17,500 crore capital raise and improved asset quality make it a rare Nifty outperformer in a muted market. Originally reported by The Economic Times.
Bajaj Finance Holds Up in 2026
Bajaj Finance's stock is down just 2% in 2026 compared to Nifty's 13% decline.
Foreign Outflows Hit $26.8bn
Foreign investors sold $2.7 billion of Indian equities in September, taking year-to-date outflows to $26.8 billion.
Capital Raise Plan Approved
Bajaj Finance's board approved raising Rs 11,700 crore through qualified institutional placement and Rs 5,800 crore through promoter warrants.
Jefferies Upgrades Bajaj Finance
Jefferies upgraded Bajaj Finance to a top pick, saying the capital raise lifts FY28 book value by 8% while keeping earnings flat.
UBS Turns Less Bearish
UBS upgraded Bajaj Finance to Neutral from Sell, raising its target price to Rs 1,100 from Rs 910.
Strong Loan Growth and Asset Quality
Bajaj Finance reported 23% loan growth, stable net interest margins, and improved asset quality with 5% profit beat.
Investor Confidence in Muted Market
Bajaj Finance's strong performance and capital raise make it a rare Nifty outperformer despite market weakness.
What it means
Bajaj Finance's Rs 17,500 crore capital raise and improved asset quality make it a rare Nifty outperformer in a muted market.
