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Bajaj Finance Falls for 5th Straight Session, Shares Down 6% in 1 Week

Shares of Bajaj Finance fell for the fifth straight day in a row on Tuesday.

Shares of Bajaj Finance fell for the fifth straight day in a row on Tuesday, down 1% to Rs 5,776 intraday trade on the BSE. The non-banking financial company’s (NBFC) shares have fallen 6% over the past week on concerns over slowing loan growth and compression in net interest margin (NIM). In contrast, the S&P BSE Sensex fell 3% for the week.

Recently, Bajaj Finance has significantly underperformed in the market. The stock has fallen 10% over the past month, with a 4.5% drop for the Sensex index. It has plunged 23% over the past six months, with a 3.4% drop in the benchmark index.

Moreover, the stock has fallen 13% over the past year, while the Sensex has gained 3%. Bajaj Finance hit a 52-week low of Rs 5,235.60 on June 17, 2022.

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