Shares of Bajaj Finserv Ltd dropped sharply by 5.26% to Rs 1,958.10 in early trade on Tuesday after weak insurance premium figures dampened investor sentiment, despite strong Q4 results from its lending arm, Bajaj Finance. The stock had closed at Rs 2,066.90 in the previous session, with a total market capitalization now standing at Rs 3.12 lakh crore.
The key pressure point for the stock appears to be a significant decline in its insurance business performance. According to recent disclosures, the company reported a 9.65% fall in total premium and a 12.80% year-on-year drop in gross written premium for Q4 FY25, raising concerns about growth in its insurance vertical.
This comes even as its lending arm, Bajaj Finance, posted a 17% rise in consolidated net profit to Rs 4,480 crore and a 17% jump in revenue to Rs 18,457 crore. The NBFC also declared a special dividend of Rs 12 per share and a final dividend of Rs 44 per share, with record dates on May 9 and May 30, respectively.
As of 9:20 AM, the stock was trading near the lower end of its day’s range of Rs 1,935.90 to Rs 2,020.00, indicating selling pressure. The P/E ratio stood at 36.72 with an average volume of 2.02 million shares.
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