Bajaj Finance shares jump 5% after Q2 business update. Why Jefferies sees 35% upside in its top pick?

Oct 5, 2026

Bajaj Finance shares rose sharply on Monday after the NBFC reported 26.5% YoY growth in Q2 FY27 AUM to nearly Rs 5.85 lakh crore. Jefferies retained its Buy rating and Rs 1,280 target price, implying 35% upside, and reaffirmed Bajaj Finance as a top pick, citing strong AUM growth.

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