Shares of Bajaj Finance dropped around 3% on Wednesday after the company reported a 29% year-on-year increase in net profit to Rs 6,367 crore for the July-September quarter of the ongoing financial year 2027. Bajaj Finance on Monday released its results for Q2 FY27, reporting a 24% YoY increase in net interest income (NII) to Rs 13,335 crore during the quarter under review, from Rs 10,785 crore reported in the year-ago period.

85 lakh crore. 20 apiece on NSE on Wednesday morning.

17 million reported in the corresponding period last year. The international brokerage said the NBFC’s net profit was in line with its estimate, but 3% behind consensus.

56% was lower than estimated. Growth momentum in all segments has been healthy, and in line with expectations till September 2026.

The MSME book should grow in a double-digit range in the second half of FY27, as per management estimates, it added. Given the rising rate environment, Bajaj Finance’s management has indicated marginal headwinds on NIMs.

9% over FY28-29. We assume the capital raising to be completed in FY27F itself,” Nomura added.

Jefferies on Bajaj Finance share priceJefferies maintained its ‘Buy’ rating on the shares of Bajaj Finance but reduced its target price to Rs 1,230 apiece from Rs 1,280 apiece. The international brokerage said that company’s profit was in line with estimate.

While stressed loans saw a slight rise from gold loans, management sees a negligible impact and confirmed that asset quality stays strong. Clarity on flexi-loans & banca fees will be watched and management is taking mitigating steps, Jefferies said.

“We marginally trim estimates and see 25% Cagr in profit over FY26-29. 360 One WAM on Bajaj Finance share price360 One WAM upgraded its rating on the shares of Bajaj Finance from ‘Hold’ to ‘Buy’, with a target price of Rs 1,150 apiece.

This implies more than 20% upside potential from the stock’s previous closing price. The domestic brokerage said Bajaj Finance delivered NII in line with estimates, while lower-than-expected fee income resulted in a marginal miss on PPOP and PAT.

5% YoY, prompting management to raise its FY27 growth guidance to 26-27% from 22-24% earlier. Accordingly, 360 One WAM has upgraded its growth estimates for FY27-28.