Bajaj Finance Share Price in Focus as Jefferies Retains Buy Rating With Rs 1,210 Target
- July 3, 2026
- Posted by: Ankit Jaiswal
- Category: News
Bajaj Finance Rs 1,033.65 (+1.46%). Jefferies Buy, target Rs 1,210. AUM growth accelerated to 24% YoY, highest in 4 quarters. 50 lakh customers added.
Bajaj Finance share price gained 1.46 percent to Rs 1,033.65 on Thursday after Jefferies retained its Buy rating on the NBFC major with a target price of Rs 1,210, citing assets under management growth accelerating to 24 percent year on year, the fastest pace in the last four quarters.
Jefferies’ continued bullish view on Bajaj Finance share price is anchored in the company adding 50 lakh new customers during the quarter, with customer franchise growing 17 percent year on year, alongside signs that strong consumer durable loan demand could support net interest margins going forward.
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Jefferies’ Key Estimates for Bajaj Finance
| Metric | Value |
|---|---|
| Jefferies Rating | Buy |
| Jefferies Target Price | Rs 1,210 |
| CMP | Rs 1,033.65 |
| AUM Growth (YoY) | +24% (highest in 4 quarters) |
| New Customers Added | 50 lakh |
| Customer Franchise Growth (YoY) | +17% |
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Why Jefferies Is Bullish on Bajaj Finance Share Price
Bajaj Finance‘s AUM growth acceleration to 24 percent year on year, the fastest pace across the last four quarters, is the central pillar of Jefferies’ constructive view, with the brokerage seeing this as evidence of sustained demand momentum across the company’s diversified lending book. Jefferies specifically flagged strong consumer durable loan demand as a segment that could help support net interest margins, a positive read on the granularity and mix of Bajaj Finance’s loan portfolio. This is a key data point for anyone tracking the Bajaj Finance share price today.
The brokerage also highlighted that higher FCNR-B inflows could benefit NBFC funding more broadly, a macro tailwind that could support Bajaj Finance’s cost of funds alongside its own strong deposit franchise, factors that together underpin Jefferies’ Rs 1,210 target price for Bajaj Finance share price.
Outlook for Bajaj Finance Share Price
With Jefferies’ target implying meaningful upside from current levels, the durability of this thesis will depend on whether Bajaj Finance’s accelerating AUM growth translates into sustained profitability once the company’s full quarterly results are announced. Investors will be watching net interest margins and credit cost trends closely, given that rapid AUM growth needs to be matched by disciplined underwriting to sustain the kind of premium valuation the stock has historically commanded. Investors watching the Bajaj Finance share price should note this development closely.
Quick take: Jefferies’ Buy rating on Bajaj Finance share price rests heavily on the AUM growth acceleration to a four quarter high, a trend that will need to show through in margins and asset quality once formal results confirm the underlying profitability picture.
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Key Risks to Watch on Bajaj Finance Share Price
Rapid AUM growth of 24 percent year on year raises the perennial question of whether underwriting standards have been maintained, and investors should watch asset quality metrics closely once full results are disclosed. Bajaj Finance share price also carries a premium valuation relative to many NBFC peers, meaning any disappointment on margins or credit costs could trigger a sharper than average correction relative to lower valued names.
Conclusion
Bajaj Finance share price gained today as Jefferies reiterated its Buy rating with a Rs 1,210 target, citing AUM growth accelerating to a four quarter high alongside strong customer franchise expansion. Investors should track the company’s full quarterly results for confirmation of how this accelerating growth has translated into margins and asset quality before assuming the premium valuation is fully justified. This article is for educational purposes and is not investment advice; consult a SEBI-registered investment adviser before making any investment 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).
FAQs on Bajaj Finance Share Price
1. What is Jefferies’ rating on Bajaj Finance share price?
Ans. Jefferies has a Buy rating on Bajaj Finance with a target price of Rs 1,210.
2. How much has Bajaj Finance’s AUM growth accelerated?
Ans. AUM growth accelerated to 24 percent year on year, the highest pace seen in the last four quarters.
3. How many new customers did Bajaj Finance add?
Ans. The company added 50 lakh new customers during the quarter, with customer franchise growing 17 percent year on year.
4. Why does Jefferies see NIM support for Bajaj Finance?
Ans. Jefferies flagged strong consumer durable loan demand as a factor that could support net interest margins going forward.
5. What macro factor could benefit Bajaj Finance’s funding?
Ans. Jefferies noted that higher FCNR-B inflows could benefit NBFC funding more broadly, a tailwind for Bajaj Finance’s cost of funds.
6. What are the key risks to Bajaj Finance share price?
Ans. Rapid AUM growth raises questions about underwriting discipline, and the stock’s premium valuation makes it more sensitive to any disappointment on margins or credit costs.
