Bajaj Finance: Why this rare Nifty outperformer is likely to reward investors in a muted market
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Bajaj Finance is down only 2% in 2026, while the Nifty fell nearly 13%.
- ✓The lender got fresh attention after its Rs 17,500 crore capital raise plan.
- ✓Jefferies said, "BAF stays among our top picks." This move helps the company as many foreign investors pulled out $26.8 billion this year.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Bajaj Finance is down only about 2% in 2026 against a roughly 13% fall in the Nifty, even as FPI outflows reached $26.8 billion year to date. the relative strength rests on a Rs 17,500 crore capital raise (QIP plus promoter warrants), which Jefferies sees lifting FY28e BVPS by 8% with eps broadly flat.
Non-banking lender Bajaj Finance is getting fresh attention from analysts after holding up far better than the broader market in a difficult year for Indian equities. The stock is down just about 2% so far in 2026, compared with a nearly 13% fall in the Nifty.
That relative strength has stood out at a time when foreign selling, high US bond yields, elevated crude prices and a weak rupee have dragged Indian benchmarks into one of their worst phases in years. The Nifty fell about 6% in September alone, while financial stocks also came under pressure because of broader risk aversion and regulatory worries.
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Economic Times
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