Bajaj Finance shares fall 3% after Q2 results. What Jefferies, Nomura, other brokerages now expect?
Jefferies and Nomura rate stocks including Bajaj Finance and 360 One Wam.
· ET Stocks, Economic Times Markets
Bajaj Finance shares dropped on Wednesday after the NBFC reported a 29% year-on-year rise in Q2FY27 net profit to Rs 6,367 crore. Nomura and Jefferies retained Buy ratings, with Jefferies cutting its target price, while 360 One WAM upgraded the stock to Buy, citing improving risk-reward and strong growth.
Key facts
- Period
- Q2FY27
The analysis
Where the names start from: 360 One Wam is 19% below its 52-week high, -13.8% over three months; Bajaj Finance is 19% below its 52-week high, -10.9% over three months. A rating is set against the price on the day the note is written, so how far a stock has already run is the part of the case the headline upside leaves out.
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- Brokerage calls from Jefferies and Nomura, with ratings on the stocks named. The stocks: Bajaj Finance and 360 One Wam.
- On the day, 1 of 2 are higher: Bajaj Finance leads at +0.0% and 360 One Wam trails at -3.7%.
- Over three months: Bajaj Finance -10.9% against Financial Services -14.9% (4.0 points ahead); 360 One Wam -13.8% against Capital Markets -6.3% (7.5 points behind).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Bajaj FinanceBAJFINANCE · Financial Services | ₹939.10 | +0.0% | -2.1% | -10.9% | -19.0% | 1.2× | — |
| 360 One Wam360ONE · Capital Markets | ₹985.00 | -3.7% | -4.4% | -13.8% | -18.6% | 0.6× | — |
Financial Services
1M -8.8% · 3M -14.9%
Bajaj Finance
Capital Markets
1M -2.9% · 3M -6.3%
360 One Wam
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Aditya Birla Capital Q2 profit rises 38% to Rs 1,288-cr
Record earnings! 5 big takeaways from RIL Q2 results investors should watch for Monday trading
Spandana Sphoorty returns to profit at Rs 18 crore in Q2FY27
Sammaan Capital promoter raises stake to 33.32% after warrant conversion
8 midcap stocks with over 100% profit growth in Q2FY27