Bajaj Finance shares fall nearly 7% despite strong Q2 profit

Business Nov 11, 2025

Bajaj Finance shares slid nearly 7% on Tuesday, closing at ₹1,010.25, even though the company posted a solid 22% jump in net profit for Q2FY26.
The main worry? Rising non-performing assets (NPAs) and higher credit costs—gross NPAs hit 1.24%, and net NPAs reached 0.60%.
Investors seemed cautious despite the profit boost.

Analyst views varied: Morgan Stanley bullish, Bernstein cautious

Analyst opinions were split: Morgan Stanley stayed positive, bumping their target price up to ₹1,195 thanks to Bajaj Finance's strong fundamentals.
But Bernstein wasn't convinced—they kept an Underperform rating with a much lower target of ₹640, pointing out stress in loan segments and those growing credit costs.
Both agreed that asset quality is something to watch closely right now.