Bajaj Finserv shares rise 2%, extend gains after Q2 results. Why Jefferies reduced target price but still sees 34% upside
Bajaj Finserv shares had gained around 2% on Tuesday as well after the company announced the earnings, reporting a 17% YoY increase in revenue from operations to Rs 43,416 crore for the second quarter of the ongoing financial year 2027, from Rs 37,215 crore reported in the year-ago period. The shares of the company rose further to Rs 1,749 apiece on Wednesday morning.
On Wednesday, Bajaj Finserv's shares rose by 2% after the company disclosed a 23% YoY increase in consolidated net profit to Rs 2,758 crore for Q2 FY27. Despite Jefferies reducing its target price to Rs 2,300 from Rs 2,550, the brokerage still maintains a 'Buy' rating on the stock, projecting a 34% upside potential. The gains followed a similar increase on Tuesday, with Bajaj Finserv reporting a 17% YoY growth in revenue from operations to Rs 43,416 crore in the second quarter of FY27, up from Rs 37,215 crore in the year-ago period.
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