So Bajaj Finance, you know, those guys who deal with money and stuff, well, they had a bit of a rough time recently. Nirmal Bang, whoever they are, decided to cut down their profit estimates for FY26 because apparently, expenses are on the rise. Not good news for Bajaj Finance, I guess. And to make matters worse, their estimates got pushed all the way to March 2027, with a target price set at Rs 8,358. Ouch.
The shares of Bajaj Finance took a hit, dropping nearly 6 per cent in Wednesday’s trade. Why? Well, it seems like they missed the mark by a tiny bit in the March quarter results. Blame it on higher credit costs and some unexpected additional provisions. Can’t catch a break, can they? Stock brokers were quick to point out that the FY26 guidance for growth and return on equity (RoE) wasn’t as impressive as they had hoped. Looks like the future might not be as bright for Bajaj Finance after all.
Following this not-so-great news, Bajaj Finance shares tumbled by 5.82 per cent, hitting a low of Rs 8,560. But hey, on the bright side, the stock is still up by 24 per cent year-to-date. So, not all doom and gloom, right? For FY26, the management over at Bajaj Finance is aiming for a 24-25 per cent growth in assets under management (AUM). Not as high as the 25-27 per cent they were hoping for, but hey, it’s something. They also expect stable net interest margin (NIM) despite costs of funds going down. JM Financial seems to think that’s a good sign. They also predict some improvements in cost to income and credit costs. Sounds like Bajaj Finance is trying to keep their head above water.
Now, JM Financial still likes Bajaj Finance because they think the company can handle whatever comes their way. But they’re not blind to the fact that growth might slow down a bit. The current valuation is a bit on the high side, so JM Financial is keeping their expectations in check. They’re sticking with a ‘Buy’ rating on the stock but have adjusted the target price to Rs 9,500. Hey, at least they’re not giving up on Bajaj Finance just yet.
MOFSL, on the other hand, thinks Bajaj Finance is doing okay despite some bumps in the road. They’ve seen some improvement in asset quality, which is always a good sign. Bajaj Finance is planning to focus more on unsecured segments in FY26, hoping to bounce back from the stress in their B2C segments. MOFSL seems cautiously optimistic about the future of Bajaj Finance, even though they’re keeping an eye on those credit costs.
And then there’s Nirmal Bang, who decided to lower their profit estimates for FY26. They’re looking ahead to March 2027 now and have set a target price of Rs 8,358. Maybe they know something we don’t? Who knows.
All in all, it seems like Bajaj Finance is going through a bit of a rough patch. But hey, they’ve been through tough times before, right? Let’s see if they can weather this storm and come out stronger on the other side. After all, money makes the world go round, and Bajaj Finance is right in the middle of it all.