Bajaj Finance Reports Strong Asset Growth But Loan Bookings Disappoint Street
On sequential basis, new loan bookings have seen a drop from 7.4 million in Q1FY23
Share price of Bajaj Finance opened marginally higher on October 6 and then slipped into red, despite the company reporting robust AUM (assets under management) growth of 31 percent for the September quarter. AUM grew to approximately Rs 2.18 lakh crore as compared to Rs 1.66 lakh crore as of 30 September 2021.
At 9:30 am, the stock was quoting at Rs 7,376 on the National Stock Exchange, down 1.5 percent. It is the the top index loser today. The stock has gained almost 50 percent from its June low of Rs 5,200 levels.