India's Bajaj Finserv climbs as Motilal starts coverage with 'neutral'

Bajaj Finance

25/03/2026 05:48

** Shares of Bajaj Finserv BJFS.NS rise about 3.2% to 1,759 rupees

** Motilal Oswal initiates coverage of BJFS, the holding company of India's largest non-bank lender Bajaj Finance BJFN.NS, with "neutral" and a price target of 1,900 rupees, an implied upside of 11%

** Says it expects PAT from the established business, such as Bajaj Finance, and the unlisted Bajaj General Insurance, Bajaj Life and VNB to steadily grow at FY2026-2028 CAGR of 28%, 16% and 19%, respectively

** The average rating of 14 analysts tracking BJFS is "buy"; the median price target is 2,220 rupees, data compiled by LSEG shows

** BJFS down 13.7% in 2026 so far, underperforming the 9% drop in the financial services index .NIFTYFIN, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))