Bajaj Finance Drops on Asset Woes

  Published 8 months ago

Bajaj Finance shares fall 6% as rising credit costs and worsening asset quality overshadow strong Q1 loan growth and profit.

  • Asset quality slips to 1.03% from 0.96% QoQ and 0.86% YoY, raising investor concerns.
  • Stock leads losses on Nifty Financials and Nifty 50, both down 0.5% during early trade.
  • Despite a profit beat, elevated risks weigh on sentiment, triggering a sharp sell-off in the early hours.

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