# Bajaj Finance Outperforms Nifty in Muted Market

> Bajaj Finance's capital raise and strong asset quality boost investor confidence amid Indian market weakness.
- Title: Bajaj Finance Outperforms Nifty in Muted Market | Shortify
- Summary: 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…
- Keywords: bajaj finance, nifty, capital raise, asset quality, unsecured lending, aum growth, net interest margin, money, business, Bajaj, Finance, Outperforms
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/news/bajaj-finance-why-this-rare-nifty-outperformer-is-likely-to-reward-investors-in-a-muted-market/articleshow/134671703.cms
- Author: Akash Podishetti
- Published: 2026-10-04T07:57:00+00:00
- Read time: 1 min
- Topics: bajaj finance, nifty, capital raise, asset quality, unsecured lending, aum growth, net interest margin, money, business
## 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.
## Key takeaway

Bajaj Finance's Rs 17,500 crore capital raise and improved asset quality make it a rare Nifty outperformer in a muted market.