India's Bajaj Finance jumps to record as strong Q3 earnings light up growth path
Bajaj Finance and its holding company Bajaj Finserv, trading higher by 2.6% and 1.3%, respectively, were among the top gainers in India's benchmark Nifty 50 index, which was up 0.6% as of 10:33 a.m. IST. At least 12 analysts raised their target prices for Bajaj Finance after the results, with the median price target rising to 8,500 rupees from 8,110 a month ago, according to data compiled by LSEG. The performance has set the company up for strong earnings growth in 2025-2026, Morgan Stanley analysts said in a note, which makes the lender an "interesting large-cap in a tough market."