Bajaj Finance share price drops over 3% following Q2 business update

Bajaj Finance share price dropped more than 3% in the morning trade reported Q2 business update which is weakest in 6 quarters.

The loan portfolio increased 14% year on year, with 9.69 million loans disbursed during the quarter. In September, Bajaj Finance reported a net liquidity surplus of ₹20,100 crore. The company’s deposits reached ₹66,100 crore, up 21% year on year. The customer franchise increased to 92.09 million from 76.56 million the previous year, with a net gain of 3.98 million consumers during the quarter.

Advertisement

As of 9:42 am, Bajaj Finance shares were trading 2.31% lower at Rs 7,261.80 on the NSE.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.