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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Bajaj Finserv shares rise over 2% after Q1 earnings. Here's why Motilal Oswal upgrades to Buy, raises target price

The shares of Bajaj Finserv gained 2.5% to Rs 2,078 on the BSE on Monday as brokerages upgraded their rating and raised target prices for the stock after the company reported a 12% YoY rise in net profit to Rs 3,123 crore for the April-June quarter of the ongoing financial year 2027.

Bajaj Finserv's revenue from operations rose 19% YoY to Rs 42,037 crore, while interest income increased over 18% YoY to Rs 22,362 crore. The company said that Bajaj Finance's total customer franchise increased by 51 lakh and the number of new loans booked rose by 161 lakh in the first quarter of FY27.

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