Bajaj Finance Share Price Jumps 3% After a Four-Day Slide: Q2 AUM Up 26.5%, a Rs 17,500 Crore Fundraise, Brokerage Targets Up to Rs 1,280, and the Support, Resistance and Stop-Loss Levels to Watch
- October 5, 2026
- Posted by: Harsh Piplani
- Category: News
Bajaj Finance +3.3% to Rs 980 on 5 Oct after 4-day fall. Q2 AUM Rs 5.85 lakh cr (+26.5%). Rs 17,500 cr fundraise. Jefferies Rs 1,280. Support Rs 930-936.
Quick Answer
Bajaj Finance share price jumped about 3.3% to near Rs 980 on 5 October, with an early high of Rs 995.40, after a four-day slide, as the company reported Q2 FY27 AUM growth of 26.5% to Rs 5.85 lakh crore and approved a Rs 17,500 crore fundraise. The raise combines an Rs 11,700 crore QIP with Rs 5,800 crore of convertible warrants for promoter Bajaj Finserv, which Jefferies and HSBC see as manageable, with HSBC estimating about 3% dilution. Jefferies has a Buy and Rs 1,280 target, about 35% upside, and HSBC has a Buy and Rs 1,270, while technical analysts see support at Rs 930 to Rs 936 and resistance near Rs 1,020. A close below the Rs 930 area would weaken the setup, so it is the key stop-loss level.
Bajaj Finance share price jumped about 3% on Monday, 5 October, after four straight sessions of declines, as the country’s largest NBFC released a strong Q2 FY27 business update and its board approved a Rs 17,500 crore capital raise. The stock touched Rs 995.40 in early deals, up 5%, and was the top Nifty and Sensex gainer before settling near Rs 980.
If you are searching for the Bajaj Finance target price and the Bajaj Finance stop-loss and where the Bajaj Finance share price goes next, this article covers the Bajaj Finance Q2 update and customer franchise growth, the QIP and warrants for Bajaj Finserv and their dilution, brokerage views from Jefferies and HSBC, support and resistance levels including Rs 930 from Prithvi Finmart, the stop-loss logic, risks and what to watch next. Price data is based on NSE and BSE figures, so recheck live prices before acting.
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Why Did Bajaj Finance Share Price Jump After a Four-Day Slide?
- The Bajaj Finance Q2 update showed AUM up 26.5% year on year, above many fears about NBFC growth.
- Customer additions were strong, with the franchise up 16.5% to 128.85 million.
- The Rs 17,500 crore fundraise, including Rs 5,800 crore from the promoter, strengthens the balance sheet.
- Jefferies and HSBC reiterated Buy ratings, and Jefferies called it a top pick.
- The stock was oversold after falling about 7% in a month, and the broader market rebounded.
Bajaj Finance share price had been under pressure for weeks amid weakness in the broader market, so the update gave investors a reason to buy after the slide.
Bajaj Finance Q2 FY27 Business Update: Numbers Behind the Bajaj Finance Share Price
| Metric | Q2 FY27 | Comparison |
|---|---|---|
| Assets under management | Rs 5,84,750 crore | Up 26.5% from Rs 4,62,261 crore; up 6.9% on the quarter |
| AUM added in the quarter | About Rs 37,800 crore | From Rs 5,46,900 crore at the end of June |
| New loans booked | 13.45 million | Up 11% from 12.17 million |
| Customer franchise | 128.85 million | Up 16.5% from 110.64 million |
| Customers added in the quarter | About 4.4 million | 9.52 million in H1 against an FY27 target of 15 million to 17 million |
| Deposit book | About Rs 69,750 crore | Up from Rs 68,500 crore |
Business Today expects the Bajaj Finance Q2 update to support an upgrade to FY27 growth and customer acquisition guidance, which would help the Bajaj Finance share price. New loan growth of 11% is slower than AUM growth of 26.5%, which reflects larger ticket sizes and an AUM base built over several years. The figures are provisional, and final results come later in October.
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The Rs 17,500 Crore Fundraise, Dilution and the Bajaj Finance Share Price
| Item | Detail |
|---|---|
| Total raise | Up to Rs 17,500 crore |
| Qualified institutional placement | Up to Rs 11,700 crore |
| Convertible warrants to Bajaj Finserv | Up to Rs 5,800 crore, subject to shareholder approval at an EGM |
| Size against market cap | About 3% of market capitalisation and 13% of FY27 net worth, per Jefferies |
| Share count increase | About 3% at an issue price near Rs 950, per HSBC |
| EPS and ROE effect | About 2% EPS dilution and 140 basis points of ROE dilution, with 7.6% book value accretion |
Jefferies said the raise was slightly higher than expected, while HSBC argued that ROE dilution should not be large because AUM is growing faster than post-money ROE. The promoter’s participation through warrants signals confidence and supports the Bajaj Finance share price.
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Bajaj Finance Target Price: What Brokerages Say
| Source | Rating | Target | Move from about Rs 950 |
|---|---|---|---|
| Jefferies | Buy, top pick | Rs 1,280 | About 35% |
| HSBC Global Research | Buy | Rs 1,270 | About 34% |
| MarketsMOJO | Hold, downgraded on 1 October | Not stated | Not applicable |
The Bajaj Finance target price of Rs 1,270 to Rs 1,280 implies about 30% upside for the Bajaj Finance share price from Rs 980, my arithmetic. Jefferies’ 35% figure is measured from the pre-rally level near Rs 950.
Bajaj Finance Stop-Loss, Support and Resistance Levels for the Bajaj Finance Share Price
| Level | Type | Why it matters |
|---|---|---|
| Rs 1,270 to Rs 1,280 | Brokerage target | Jefferies and HSBC |
| Rs 1,020 | Resistance | Downward-sloping trendline and first hurdle |
| Rs 995.40 | 5 October intraday high | Early peak after the update |
| About Rs 980 | 5 October price | Up about 3.3% from Rs 949.35 |
| Rs 936 | Support | Prithvi Finmart’s key support |
| Rs 930 | Immediate support | Level experts watch as a stop-loss reference |
Harish Jujarey of Prithvi Finmart says Rs 936 is important support and Rs 1,020 is the resistance where the trendline sits, and he advises investors to watch the Rs 936 to Rs 1,020 range closely, since the trend stays weak below the trendline. From Rs 980, a stop-loss just below Rs 930 is about 5% away, while Rs 1,020 is about 4% above and the brokerage target about 30% above, my arithmetic. These are views and levels for reference, not recommendations.
Bajaj Finance Share Price Today: Key Numbers
| Item | Figure |
|---|---|
| Market capitalisation | About Rs 6.1 lakh crore |
| Return in one month | About -7.1% |
| Return in three months | About -4.6% |
| Return in twelve months | About -0.4% |
| Return in three years | About 25.5% |
The Bajaj Finance share price is roughly flat over a year, so the stock has not rewarded investors recently despite 26% AUM growth, which is part of the bull case for brokerages.
Risks Behind the Bajaj Finance Share Price
Dilution: The QIP and warrants add about 3% to the share count and trim EPS and ROE in the near term, a weight on the Bajaj Finance share price.
Approval risk: The warrant issue needs shareholder approval at an EGM.
RBI policy: A rate hike on 7 October could raise funding costs for NBFCs and hit the Bajaj Finance share price.
Credit costs: Retail lending can see stress if the economy weakens.
Technical weakness: The stock stays in a weak trend while it trades below the Rs 1,020 trendline.
What to Watch Next for the Bajaj Finance Share Price
- The RBI policy decision on 7 October.
- The EGM date for the warrants and the QIP pricing.
- Q2 FY27 results later in October, especially margins and credit costs.
- A close above Rs 1,020, which would break the trendline, or below Rs 930, which would weaken support.
- Any upgrade to FY27 AUM growth and customer acquisition guidance.
Conclusion
The Bajaj Finance share price jumped about 3% on 5 October after a four-day slide, helped by Q2 AUM growth of 26.5% to Rs 5.85 lakh crore and a Rs 17,500 crore fundraise. Jefferies and HSBC have Buy ratings with Rs 1,280 and Rs 1,270 targets, while technical support is near Rs 930 to Rs 936 and resistance near Rs 1,020. Dilution and the RBI decision are the near-term risks for the Bajaj Finance share price. Consult a SEBI-registered advisor before making any decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why did Bajaj Finance share price jump on 5 October?
Ans. The Bajaj Finance share price rose about 3% after the Q2 FY27 update showed AUM up 26.5% and the board approved a Rs 17,500 crore fundraise, following a four-day slide.
What did the Bajaj Finance Q2 update show for AUM?
Ans. AUM was about Rs 5,84,750 crore, up 26.5% year on year and 6.9% on the quarter, with 13.45 million new loans booked, a key driver of the Bajaj Finance share price.
What is the Bajaj Finance target price?
Ans. Jefferies has a Buy with a target of Rs 1,280 and HSBC a Buy with Rs 1,270. These are brokerage estimates for the Bajaj Finance share price and not guaranteed.
What is the Bajaj Finance stop-loss?
Ans. Experts watch support at Rs 930 to Rs 936. A close below Rs 930 would weaken the setup, so it is the reference stop-loss. These are views, not recommendations.
What is the Bajaj Finance fundraise?
Ans. The board approved up to Rs 17,500 crore: a Rs 11,700 crore QIP and Rs 5,800 crore of convertible warrants for Bajaj Finserv.
Will the fundraise dilute shareholders?
Ans. HSBC estimates the share count rises about 3%, with about 2% EPS dilution and 140 basis points of ROE dilution, offset by 7.6% book value accretion.
What is the resistance for Bajaj Finance?
Ans. Prithvi Finmart sees resistance near Rs 1,020, where a downward trendline sits. The Bajaj Finance share price stays weak below it.
Is Bajaj Finance a good stock to buy now?
Ans. This article does not constitute investment advice. Growth and brokerage targets are positive for the Bajaj Finance share price, but dilution and rate risks remain. Consult a SEBI-registered financial advisor before investing.
