Bajaj Finance share price crashes 7% despite jump in Q2 profit. What’s behind the fall in blue-chip NBFC stock?
Bajaj Finance share price: Shares of blue-chip non-banking finance company (NBFC) Bajaj Finance tumbled nearly 7% in early trade on Tuesday, November 11, even as the firm posted a double-digit growth in the consolidated profit for the July-September quarter.
However, a cut in guidance and signs of stress in the MSME segment sparked near-term growth concerns, weighing on the blue-chip stock.
Bajaj Finance Q2 results
Bajaj Finance on Monday, post-market hours, reported a 23% increase in consolidated net profit to ₹4,948 crore for the second quarter ended September 30. The net interest income rose 22% to ₹10,785 crore compared to ₹8,838 crore in the second quarter of FY25.
Asset quality of the company worsened, with gross…
