# Bajaj Finance shares fall 3% as Q2 profit rises 29% 2026-10-21T07:55:03+00:00 | Governance | Indian Opinion Desk Corroboration: 5 independent outlets Bajaj Finance shares fell 3% on Wednesday, 21 October, to Rs 929.20 on the NSE, even after the non-banking financial company reported a 29% year-on-year rise in consolidated net profit to Rs 6,367 crore for the July-September quarter of FY27. Net interest income grew 24% to Rs 13,335 crore, while assets under management rose 26% to Rs 5.85 lakh crore. Gross NPAs improved to 1.06% of loans, from 1.24% in 2025. The board had approved a plan on 1 October to raise up to Rs 11,700 crore through a qualified institutions placement and a preferential issue of warrants worth Rs 5,800 crore to Bajaj Finserv. Brokerages mostly retained positive ratings: Jefferies kept a 'Buy' with a target of Rs 1,230, Nomura a 'Buy' at Rs 1,270, and Axis Securities a 'Buy' at Rs 1,255. Bernstein had an 'Underperform' call. The stock closed at Rs 957.35 on Tuesday, 20 October. ## Indian Opinion Analysis All five sources cover the same Bajaj Finance Q2 results and stock drop story. Livemint, Economic Times, Business Standard, and NDTV Profit each treat it as a stock-market business story with no political framing at all: they lead with the profit number, the share fall, and brokerage ratings. CNBCTV18 filed a separate story on Piramal Finance on the same day, not about Bajaj Finance, so it provides no facts usable for this article. The four relevant outlets all report neutrally, attribute their figures to the company’s regulatory filing, and give equal space to positive forecasts (Jefferies, Nomura, Axis Securities) and caution (margin headwinds, Bernstein’s Underperform call). No outlet omits or overstates a material detail. The shared coverage is uniform straight agency-style reporting. ## Coverage Coverage: 5 sources, 5 neutral - livemint.com (neutral report) Leads with 3% fall despite profit beat, neutral brokerage coverage. - economictimes.indiatimes.com (neutral report) Stock drop framed through Jefferies, Nomura target cuts, neutral. - cnbctv18.com (neutral report) Story is about Piramal Finance, not Bajaj Finance, not used. - business-standard.com (neutral report) Focus on asset quality gains and analyst bullishness, neutral. - ndtvprofit.com (neutral report) Highlights growth guidance upgrade and margin concerns, neutral. This brief was synthesised by AI from the 5 sources linked above, so one read covers every framing they carry. Update, 21 October 2026: this story now draws on 5 sources. Last updated 2026-10-21T08:15:45+00:00. Tags: Bajaj Finance, IRDAI, Jefferies, Nomura, Reserve Bank of India Canonical: https://indianopinion.org/bajaj-finance-shares-fall-3-despite-29-q2-profit-jump/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/bajaj-finance-shares-fall-3-despite-29-q2-profit-jump/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/