Bajaj Finance: Why this rare Nifty outperformer is likely to reward investors in a muted market

Bajaj Finance is down only about 2% in 2026 against a roughly 13% fall in the Nifty, even as FPI outflows reached $26.8 billion year to date. the relative strength rests on a Rs 17,500 crore capital raise (QIP plus promoter warrants), which Jefferies sees lifting FY28e BVPS by 8% with eps broadly flat.