Shares of Bajaj Finance Ltd. experienced a significant rally on October 5, 2026, gaining 5% in early trading sessions. The non-banking financial company (NBFC) emerged as a top performer on both the Nifty and Sensex indices, with its stock reaching Rs 995.40 on the BSE, up from its previous close of Rs 949.35. This upward movement pushed the company's market capitalization to Rs 6.18 lakh crore.
Strategic Fundraising Initiatives Bolster Confidence
A key driver behind today's rally was the company's announcement regarding its board's approval for a substantial fundraising plan. Bajaj Finance aims to raise up to Rs 17,500 crore through a combination of a Qualified Institutional Placement (QIP) and a preferential issue of warrants. The preferential issue of warrants alone accounts for an aggregate amount of up to Rs 5,800 crore.
A Qualified Institutional Placement allows a listed company to raise capital by issuing equity shares to qualified institutional buyers, providing a strategic avenue for growth and expansion.
Strong Q2 Business Update Fuels Investor Optimism
In addition to the fundraising news, Bajaj Finance's robust Q2 business update for the period ending September 30, 2026, further contributed to investor confidence. The Pune-based financial giant reported impressive year-on-year growth across several key metrics:
- Assets Under Management (AUM): AUM surged by 26.5% to Rs 5.85 lakh crore, a significant increase from Rs 4.62 lakh crore in the corresponding period of the previous financial year.
- Customer Franchise: The company's customer base expanded to 128.85 million, up from 110.64 million in the prior cycle.
- New Loans Booked: New loans booked saw an 11% increase, reaching 13.45 million compared to 12.17 million a year ago.
- Deposit Book: As of September 30, 2026, Bajaj Finance's deposit book stood at Rs 69,750 crore.
The stock's current performance marks a gain of 26% from its 52-week low of Rs 788.40 recorded on March 23. Over the past six months, Bajaj Finance stock has appreciated by 20%, and over a two-year period, it has delivered returns of 38%.