Bajaj Finance hits lowest level since May 2018, stock tanks 59% in 2 months

Published On: Friday, April 24, 2020 | By: Team KnowMyStock

Shares of Bajaj Finance fell below Rs 2,000 mark for the first time in nearly two years after plunging 9 per cent to Rs 1,972 on the BSE on Friday amid concerns of elevated uncertainties around the company's growth and asset quality. The stock quoted a 52-week high of Rs 4915.8 and a 52-week low of Rs 1912.2. Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 130879.41 Crore) operating in the NBFC sector. The NBFC's stock was trading at its lowest level since May 17, 2018. In the past two months, the stock has tanked 59 per cent, as compared to 22 per cent decline in the S&P BSE Sensex. Historically, the June quarter is the largest contributor to Bajaj Finance's AUM growth. Post the crisis, Bajaj Finance may have a revised growth trajectory (sub around 30%), considering its current AUM size and the limited scope for asset expansion, the brokerage firm said in a stock update.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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