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Bajaj Finance stands out while NBFCs struggle: Here's why

June 07, 2019 / 12:07 PM IST
Bajaj Finance stands out while NBFCs struggle: Here's why

Bajaj Finance down 63 percent from its 52-week high of Rs 4923.20. On May 26, the share price closed at Rs 1829.00

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

India’s non-banking financial companies (NBFCs) are under the weather and the reasons are widely known. The default of IL&FS group companies in September last year triggered not only a funding crunch but led to a crisis of confidence. The credit event resulted in many NBFCs gasping for liquidity and has pushed up their borrowing costs. The dislocation in the financial sector isn’t the only issue. It is accompanied by the consumption slowdown. Not only have automobile sales slowed, but people...

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