India's Bajaj Finance slides as Q4 results fail to impress investors

Bajaj Finserv

30/04/2025 06:20

Updates

** India's Bajaj Finance BJFN.NS slumps 5.4% to 8,604.5 rupees

** Stock second biggest percentage loser on benchmark Nifty 50 .NSEI and Nifty financial services .NIFTYFIN

** Non-bank lender's Q4 profit rose, helped by healthy loan growth and a tax reversal

** However, Goldman Sachs and JP Morgan analysts say BJFN's adjusted profit and credit costs missed the brokerages' estimates

** Moreover, BJFN's fiscal 2026 growth forecast of 24-25% for assets under management "disappointed investors", say Macquarie analysts

** Management's outlook of net interest margin to be stable despite an improvement in cost of funds could be viewed negatively by investors, says Goldman Sachs

** BJFN's holding company Bajaj Finserv BJFS.NS also down 6.2%

** Avg rating of 31 analysts on BJFN at "buy"; median PT is 9,200 rupees - data compiled by LSEG

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))