Nov 11 (Reuters) – Shares of Bajaj Finance (BJFN.NS), opens new tab fell 6.5% on Tuesday, after the non-bank lender cut its assets growth forecast for fiscal year 2026, sparking near-term growth concerns.
The stock was trading at its lowest level since May 2025 and was the top percentage loser on the benchmark Nifty 50 index (.NSEI), opens new tab, which was trading about 0.2% lower.
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The non-banking finance company expects assets under management to grow 22%-23% from an earlier estimate of 24%-25%, on increasing bad loans in its loans given to small and medium enterprises.
Reporting by Urvi Dugar in Bengaluru; Editing by Mrigank Dhaniwala
India’s Bajaj Finance slips after cutting loan book growth forecast
