Bajaj Finance shares fall 3% after Q2 results. What Jefferies, Nomura, other brokerages now expect?
Bajaj Finance moved lower in a quarterly results development for Q2FY27.
· ET Stocks, Economic Times Markets
Bajaj Finance shares dropped on Wednesday after the NBFC reported a 29% year-on-year rise in Q2FY27 net profit to Rs 6,367 crore. Nomura and Jefferies retained Buy ratings, with Jefferies cutting its target price, while 360 One WAM upgraded the stock to Buy, citing improving risk-reward and strong growth.
Key facts
- Period
- Q2FY27
The analysis
Bajaj Finance reported Rs 6,367 crore for Q2FY27, with movement of 3% and 29% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.7% on the day at ₹932.05, and has returned -13.4% over three months. It sits 20% below its 52-week high. The financial services sector has moved -11.9% over the same period, so Bajaj Finance is running 1.5 points behind its peers.
For Bajaj Finance, the question is how much of this is already reflected in the price and how much re-rates the financial services peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is BAJFINANCE.
- Sector exposure: Financial Services, Capital Markets.
- The immediate tone of coverage reads positive.
In this story
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