Sensex Today | Stock Market LIVE Updates: Why did Bajaj Finserv’s stock plunge despite an increase in Q2 profit?
Bajaj Finserv on Tuesday reported a consolidated net profit of ₹2,244.10 crore for the second quarter, an 8% rise year-on-year. However, the cautious growth outlook from its lending subsidiary, Bajaj Finance, triggered a sharp selloff, dragging Bajaj Finserv shares down over 6%. Bajaj Finance’s results, released late Monday, reflected concerns over slower business expansion and elevated credit costs, weighing on investor sentiment.