{"id":319629,"date":"2026-10-21T12:05:41","date_gmt":"2026-10-21T06:35:41","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=319629"},"modified":"2026-10-21T12:05:41","modified_gmt":"2026-10-21T06:35:41","slug":"why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/","title":{"rendered":"Why Bajaj Finance Share Price Fell 3% After Q2 Results 2026: Should You Buy, Sell or Hold? What Experts Suggest to Investors"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>The Bajaj Finance share price traded at Rs 923.70 on NSE at 12:01 PM IST on 21 Oct 2026, down 3.5% from Rs 957.35, after a low of Rs 923.30. Q2 FY27 net profit rose 29% to Rs 6,367 crore and gross NPA improved to 1.06%, but the stock was already down 2.5% on 19 Oct, so it has fallen about 5.9% over two sessions (my calculation). Jefferies kept a Buy rating, and I could not retrieve any target price from the sources I read.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Bajaj Finance share price fell 3.5% to Rs 923.70 by 12:01 PM IST on 21 Oct 2026 even though Q2 FY27 net profit rose 29% to Rs 6,367 crore and gross NPA improved to 1.06%. The shares were already down 2.5% on 19 Oct, before the results were declared after market hours, so the stock is down about 5.9% over two sessions (my calculation). Jefferies kept a Buy rating but trimmed FY28 and FY29 earnings estimates by 1% to 2%, citing higher interest rates, lower bancassurance fees and flexi-loan terms, while DAM Capital called Q2 the strongest quarter in three years. Whether to buy, sell or hold depends on your view of gold loan stress, margin moderation and the planned Rs 17,500 crore capital raise, so the data below sets out each factor.<\/p>\n<\/p><\/div>\n<p>The Bajaj Finance share price opened at Rs 963.70 on 21 Oct, the first session after the Q2 results, and slid through the morning to touch Rs 923.30. At 9:17 AM it was down 2.4% at Rs 935 while the Nifty 50 was up 0.71%, so the fall deepened as the session went on and the headline of 3% is now out of date.<\/p>\n<p>This guide to the Bajaj Finance share price covers the live snapshot, the Q2 FY27 numbers, asset quality, what Jefferies and DAM Capital said, the capital raise, valuation and a buy, sell or hold framework. It is educational and not a recommendation to buy or sell any share.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#Bajaj_Finance_Share_Price_Today_Live_Snapshot\" title=\"Bajaj Finance Share Price Today: Live Snapshot\">Bajaj Finance Share Price Today: Live Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#Q2_FY27_Results_Behind_the_Bajaj_Finance_Share_Price\" title=\"Q2 FY27 Results Behind the Bajaj Finance Share Price\">Q2 FY27 Results Behind the Bajaj Finance Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#Asset_Quality_and_Gold_Loans_The_Worry_Behind_the_Bajaj_Finance_Share_Price\" title=\"Asset Quality and Gold Loans: The Worry Behind the Bajaj Finance Share Price\">Asset Quality and Gold Loans: The Worry Behind the Bajaj Finance Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#What_Jefferies_and_DAM_Capital_Said_About_the_Bajaj_Finance_Share_Price\" title=\"What Jefferies and DAM Capital Said About the Bajaj Finance Share Price\">What Jefferies and DAM Capital Said About the Bajaj Finance Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#Capital_Raise_A_Possible_Overhang_on_the_Bajaj_Finance_Share_Price\" title=\"Capital Raise: A Possible Overhang on the Bajaj Finance Share Price\">Capital Raise: A Possible Overhang on the Bajaj Finance Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#Valuation_Is_the_Bajaj_Finance_Share_Price_Still_Expensive\" title=\"Valuation: Is the Bajaj Finance Share Price Still Expensive?\">Valuation: Is the Bajaj Finance Share Price Still Expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#Buy_Sell_or_Hold_What_to_Weigh_on_the_Bajaj_Finance_Share_Price\" title=\"Buy, Sell or Hold: What to Weigh on the Bajaj Finance Share Price\">Buy, Sell or Hold: What to Weigh on the Bajaj Finance Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#What_to_Watch_Next_for_the_Bajaj_Finance_Share_Price\" title=\"What to Watch Next for the Bajaj Finance Share Price\">What to Watch Next for the Bajaj Finance Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#Why_did_the_Bajaj_Finance_share_price_fall_after_Q2_results\" title=\"Why did the Bajaj Finance share price fall after Q2 results?\">Why did the Bajaj Finance share price fall after Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#What_were_Bajaj_Finances_Q2_FY27_results\" title=\"What were Bajaj Finance&#8217;s Q2 FY27 results?\">What were Bajaj Finance&#8217;s Q2 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#What_did_Jefferies_say_about_the_Bajaj_Finance_share_price\" title=\"What did Jefferies say about the Bajaj Finance share price?\">What did Jefferies say about the Bajaj Finance share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#What_did_DAM_Capital_say_about_Bajaj_Finance\" title=\"What did DAM Capital say about Bajaj Finance?\">What did DAM Capital say about Bajaj Finance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#What_are_the_brokerage_target_prices_for_the_Bajaj_Finance_share_price\" title=\"What are the brokerage target prices for the Bajaj Finance share price?\">What are the brokerage target prices for the Bajaj Finance share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#Should_I_buy_sell_or_hold_the_Bajaj_Finance_share_price\" title=\"Should I buy, sell or hold the Bajaj Finance share price?\">Should I buy, sell or hold the Bajaj Finance share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#Is_the_Bajaj_Finance_share_price_expensive\" title=\"Is the Bajaj Finance share price expensive?\">Is the Bajaj Finance share price expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/why-bajaj-finance-shares-fell-3-percent-after-q2-results-2026-should-you-buy-sell-or-hold-what-experts-suggest-to-investors\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Bajaj_Finance_Share_Price_Today_Live_Snapshot\"><\/span><strong>Bajaj Finance Share Price Today: Live Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading on 21 Oct 2026 (12:01 PM IST)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close of the Bajaj Finance share price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 957.35<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Open and day low of the Bajaj Finance share price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 963.70 and Rs 923.30<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Last traded Bajaj Finance share price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 923.70, down 3.5% (NSE)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Volume in the Bajaj Finance share price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 1.2 crore shares, with the day still running<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week range of the Bajaj Finance share price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 787.90 to Rs 1,176.40<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Below the 52-week high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 21.5% (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">50-day average for the Bajaj Finance share price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,027.38, so the price is about 10% below it (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14-day RSI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">37.7<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to earnings<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">28.86 against an industry figure of 17.28<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation at the 19 Oct close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 5.96 lakh crore<\/td>\n<\/tr>\n<\/table>\n<p>Volume so far is about 1.6 times the average of 9 Oct to 16 Oct (my calculation), which shows real selling and not a quiet drift. The Bajaj Finance share price is now below its 50-day average, and an RSI of 37.7 is near the weak end of its range but not below the 30 level that is usually read as oversold.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Compare NBFC stocks on the Univest Screener<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q2_FY27_Results_Behind_the_Bajaj_Finance_Share_Price\"><\/span><strong>Q2 FY27 Results Behind the Bajaj Finance Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY26<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Consolidated net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 6,366.57 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 4,947.76 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 28.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit before tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 8,537 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 29%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net interest income<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 13,335 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 10,785 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 24%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net total income<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 15,974 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 12,982 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 23%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Assets under management<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 5,84,624 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 4,62,261 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 26%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">New loans booked<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">13.45 million<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">12.17 million<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 11%<\/td>\n<\/tr>\n<\/table>\n<p>Assets under management rose by Rs 37,680 crore in the quarter, and the company added 4.42 million customers to reach a franchise of 128.85 million. The company said the 11% rise in new loans is not like-for-like because the festive season started earlier last year. Results were declared after market hours on 19 Oct, so the Bajaj Finance share price reacted for the first time on 21 Oct. FY27 guidance is 60 to 62 million new loans and 18 to 20 million new customers.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get price alerts on Bajaj Finance.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Asset_Quality_and_Gold_Loans_The_Worry_Behind_the_Bajaj_Finance_Share_Price\"><\/span><strong>Asset Quality and Gold Loans: The Worry Behind the Bajaj Finance Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY26<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Gross NPA ratio<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.06%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.24%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net NPA ratio<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.42%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.60%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Loan losses and provisions<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,166 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,080 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Of which management and macro overlay<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 337 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Provisions excluding the overlay<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,829 crore, down 12%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,080 crore<\/td>\n<\/tr>\n<\/table>\n<p>Both brokerages that reviewed the Q2 results point to gold loans. Jefferies says stressed loans rose slightly because of gold loans, and management sees a negligible effect on profit. DAM Capital says the rise came mainly from shorter-term gold loans and is likely to be temporary, and that asset quality improved from the previous quarter when they are excluded. Since gold loans are a small and fast-growing part of the book, the Bajaj Finance share price may be reacting to any hint of stress there even when the headline ratios improve, which is my reading and not a point made by either broker.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Jefferies_and_DAM_Capital_Said_About_the_Bajaj_Finance_Share_Price\"><\/span><strong>What Jefferies and DAM Capital Said About the Bajaj Finance Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Brokerage<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Rating<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Key points<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jefferies<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Maintain Buy, a top pick<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit growth of 29% was in line; FY28 and FY29 earnings cut by 1% to 2% on higher interest rates, lower bancassurance fees and tighter terms on flexi loans; expects profit to grow about 25% a year over FY26 to FY29<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">DAM Capital<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 was the strongest quarter in three years; growth guidance edged up to 26% to 27%; slight upgrade to FY27 estimates and none to FY28; margin moderation may be slightly higher than expected but lower operating costs should offset it<\/td>\n<\/tr>\n<\/table>\n<p>The headline says brokerages lowered some target prices, but the report carrying those numbers could not be opened, so I do not quote any target. What the two notes do show is that the earnings estimates barely moved, with Jefferies cutting FY28 and FY29 by only 1% to 2%. That is a much smaller change than the 5.9% two-session fall in the Bajaj Finance share price (my calculation).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Capital_Raise_A_Possible_Overhang_on_the_Bajaj_Finance_Share_Price\"><\/span><strong>Capital Raise: A Possible Overhang on the Bajaj Finance Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Board approval<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Qualified institutional placement<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up to Rs 11,700 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Convertible warrants to Bajaj Finserv<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up to Rs 5,800 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up to Rs 17,500 crore, about 2.9% of the 19 Oct market capitalisation (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Condition<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Shareholder approval is needed for both<\/td>\n<\/tr>\n<\/table>\n<p>A raise of this size dilutes existing holders and can weigh on the Bajaj Finance share price until it is completed, though none of the sources I read says it caused the fall. Treat this as a factor to watch and not as the explanation. Fresh capital also supports growth of 26% to 27% a year, which needs funding.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_Is_the_Bajaj_Finance_Share_Price_Still_Expensive\"><\/span><strong>Valuation: Is the Bajaj Finance Share Price Still Expensive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Value<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to earnings<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">28.86 against an industry figure of 17.28<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trailing earnings per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 33.16<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">5.23, with a book value of Rs 183.10<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">17.61%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">4.08, which is normal for a lender<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.63%<\/td>\n<\/tr>\n<\/table>\n<p>The Bajaj Finance share price still trades at about 67% above the industry price to earnings (my calculation), which reflects its growth and returns. A premium like this leaves less room for disappointment, so a small change in gold loan stress or margin can move the stock more than it would a lower-priced lender.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Buy_Sell_or_Hold_What_to_Weigh_on_the_Bajaj_Finance_Share_Price\"><\/span><strong>Buy, Sell or Hold: What to Weigh on the Bajaj Finance Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Supports the stock<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Worries investors<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit up 29% and assets under management up 26%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Two-session fall of about 5.9% and a price below the 50-day average<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Gross NPA 1.06% and net NPA 0.42%, both better than a year ago<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Stressed gold loans and a Rs 337 crore overlay<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jefferies keeps Buy and sees 25% profit growth a year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Margin moderation and earnings cuts of 1% to 2%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Growth guidance edged up to 26% to 27%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Possible dilution from the Rs 17,500 crore raise<\/td>\n<\/tr>\n<\/table>\n<p>This table is a map of the arguments and not a verdict. A long-term holder may focus on earnings and asset quality, while a short-term trader may focus on the trend and the 50-day average. Your own time horizon and loss limit matter more than any headline.<\/p>\n<p><strong>Risk:<\/strong> Rising gold loan stress, lower margins, higher interest rates, regulatory changes and dilution can all weigh on the Bajaj Finance share price, and a high earnings multiple magnifies each of them.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_the_Bajaj_Finance_Share_Price\"><\/span><strong>What to Watch Next for the Bajaj Finance Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Whether the Bajaj Finance share price holds above its 52-week low zone or recovers toward its 50-day average of Rs 1,027<\/li>\n<li>Management commentary on gold loan stress and margins<\/li>\n<li>Shareholder approval and pricing of the Rs 17,500 crore capital raise<\/li>\n<li>Brokerage notes with target prices after the results<\/li>\n<li>Festive season loan growth against the guidance of 60 to 62 million new loans<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Bajaj Finance share price has fallen about 5.9% in two sessions even though the Q2 results showed profit up 29% and asset quality improved, with gold loan stress, margins and a capital raise the likely worries. Read the filing, compare the brokerage views and match any decision to your own limits.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Bajaj_Finance_share_price_fall_after_Q2_results\"><\/span><strong>Why did the Bajaj Finance share price fall after Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock fell 3.5% to Rs 923.70 by 12:01 PM IST on 21 Oct 2026 despite a 29% profit rise. Brokerages point to gold loan stress, margin moderation and earnings trims, and the planned Rs 17,500 crore capital raise is another factor to watch, though no source links it directly to the fall.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Bajaj_Finances_Q2_FY27_results\"><\/span><strong>What were Bajaj Finance&#8217;s Q2 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Consolidated net profit rose 28.7% to Rs 6,366.57 crore and net interest income rose 24% to Rs 13,335 crore. Assets under management grew about 26% to Rs 5,84,624 crore, gross NPA was 1.06% and net NPA was 0.42%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_did_Jefferies_say_about_the_Bajaj_Finance_share_price\"><\/span><strong>What did Jefferies say about the Bajaj Finance share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Jefferies maintained a Buy rating and calls the stock a top pick, with profit growth in line with estimates. It cut FY28 and FY29 earnings by 1% to 2% on higher interest rates, lower bancassurance fees and flexi-loan impact, and expects profit to grow about 25% a year over FY26 to FY29.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_did_DAM_Capital_say_about_Bajaj_Finance\"><\/span><strong>What did DAM Capital say about Bajaj Finance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> DAM Capital called Q2 the strongest quarter in three years and said growth guidance edged up to 26% to 27%. It sees the rise in stressed assets as mostly short-term gold loans and likely temporary, with a slight upgrade to FY27 estimates.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_brokerage_target_prices_for_the_Bajaj_Finance_share_price\"><\/span><strong>What are the brokerage target prices for the Bajaj Finance share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The headline says some targets were lowered, but I could not open the report with the numbers, so I do not quote any. Check the brokerage notes directly before you rely on a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_sell_or_hold_the_Bajaj_Finance_share_price\"><\/span><strong>Should I buy, sell or hold the Bajaj Finance share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article cannot say, because it depends on your time horizon and risk limit. The profit and asset quality data support the business, while the fall, gold loan stress, margin pressure and possible dilution are reasons for caution.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Bajaj_Finance_share_price_expensive\"><\/span><strong>Is the Bajaj Finance share price expensive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The price to earnings is 28.86 against an industry figure of 17.28 and price to book is 5.23, so it carries a premium. The premium reflects growth and a return on equity of 17.61%, but it also leaves less room for disappointment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why did the Bajaj Finance share price fall after Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The stock fell 3.5% to Rs 923.70 by 12:01 PM IST on 21 Oct 2026 despite a 29% profit rise. Brokerages point to gold loan stress, margin moderation and earnings trims, and the planned Rs 17,500 crore capital raise is another factor to watch, though no source links it directly to the fall.\"}},{\"@type\":\"Question\",\"name\":\"What were Bajaj Finance's Q2 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Consolidated net profit rose 28.7% to Rs 6,366.57 crore and net interest income rose 24% to Rs 13,335 crore. 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The profit and asset quality data support the business, while the fall, gold loan stress, margin pressure and possible dilution are reasons for caution.\"}},{\"@type\":\"Question\",\"name\":\"Is the Bajaj Finance share price expensive?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The price to earnings is 28.86 against an industry figure of 17.28 and price to book is 5.23, so it carries a premium. The premium reflects growth and a return on equity of 17.61%, but it also leaves less room for disappointment.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bajaj Finance share price fell despite a 29% rise in Q2 FY27 profit. See Jefferies and DAM Capital views, gold loan stress, the capital raise, valuation and risks.<\/p>\n","protected":false},"author":35,"featured_media":319627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[13797,13698,585,13798,13800,13799,5355],"class_list":["post-319629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bajaj-finance-buy-sell-hold","tag-bajaj-finance-q2-results","tag-bajaj-finance-share-price","tag-bajaj-finance-target-price","tag-gold-loans","tag-jefferies-bajaj-finance","tag-nbfc-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["319627"],"rank_math_title":["Bajaj Finance Share Price Falls After Q2: Buy, Sell or Hold?"],"rank_math_description":["Bajaj Finance share price fell 3.5% on 21 Oct despite a 29% rise in Q2 FY27 profit to Rs 6,367 crore. See Jefferies and DAM Capital views, asset quality and risks."],"rank_math_focus_keyword":["Bajaj Finance share price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/why-bajaj-finance-share-price-fell-3-after-q2-results-2026-should-you-buy-sell.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/319629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=319629"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/319629\/revisions"}],"predecessor-version":[{"id":319631,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/319629\/revisions\/319631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/319627"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=319629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=319629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=319629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}