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Bajaj Finance stock price crashes 8% post Q4; MOFSL downgrades to 'Neutral'

Bajaj Finance stock price news: Motilal Oswal Financial Services has downgraded the stock due to more margin pressure in FY25

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bajaj finance

Nikita Vashisht New Delhi
Bajaj Finance Q4FY24 results: Investors shunned shares of Bajaj Finance on Friday, a day after the non-bank finance company (NBFC), reported a sharp contraction in its net interest margin (NIM) in the March quarter of financial year 2023-24 (Q4FY24).  

The shares crashed 8.2 per cent intraday, before settling 7.7 per cent lower at Rs 6,730 apiece on the BSE. The losses accounted for a fifth of the benchmark S&P BSE Sensex's 609-point loss. 

Most brokerages have tamed their earnings expectations for the next couple of quarters, after the management said it expects the pressure on NIMs to continue in the near-term.

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First Published: Apr 26 2024 | 10:33 AM IST

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