India's Bajaj Finance slips after cutting loan book growth forecast

Bajaj Finance

11/11/2025 03:58

Corrects paragraph 2 to say stock was on course for its steepest fall since April 2024, and was not at its lowest since May 2025

Nov 11 (Reuters) - Shares of Bajaj Finance BJFN.NS fell 6.5% on Tuesday, after the non-bank lender cut its assets growth forecast for fiscal year 2026, sparking near-term growth concerns.

The stock was on course for its steepest fall since April 2024 and was the top percentage loser on the benchmark Nifty 50 index .NSEI, which was trading about 0.2% lower.

     The non-banking finance company expects assets under management to grow 22%-23% from an earlier estimate of 24%-25%, on increasing bad loans in its loans given to small and medium enterprises.

 (Reporting by Urvi Dugar in Bengaluru; Editing by Mrigank Dhaniwala)

 ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))