New Delhi, Oct. 3 -- Jefferies India's top stock recommendation: Bajaj Finance shares are one of the beaten-down stocks in the Indian stock market. Bajaj Finance share price has fallen around 10% in one month. In YTD, Bajaj Finance shares have delivered a negative return, correcting around 2.50%. However, it figures in Jefferies India's top stock pick. The Jefferies India report dated 2 October 2026 has predicted a trend reversal in the stock, setting a Bajaj Finance share price target 35% above the current market price.

Jefferies India report dated 2 October 2026 says the Bajaj Finance board has approved a Rs.175bn ( Rs.17,500 crore) capital raise ( Rs.58bn ( Rs.5,800 crore) preferential warrants to BFS & Rs.117bn ( Rs.11,700 crore) QIP...