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Bajaj Finserv reported a 8% rise in Q2 net profit to 2,244 crore, but its lending arm, Bajaj Finance, saw its stock slump over 6%. This decline was triggered by a cautious outlook for future expansion and increased credit costs. Bajaj Finance also moderated its FY26 growth forecast. Meanwhile, Bajaj Allianz General Insurance posted a 5% profit increase.
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Groww's parent company, Billionbrains Garage Ventures, is set for its stock market debut. Analysts predict a modest listing, but advise investors to hold shares for long-term growth. The company has shown strong revenue expansion and profitability. Investors are encouraged to consider buying on any post-listing dips. This move is seen as suitable for those with a longer investment horizon.
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News and Media
Bajaj Finance and Bajaj Finserv shares saw a significant drop on Tuesday. This decline followed the company's guidance indicating a potential slowdown in loan demand. Despite a strong second-quarter performance, this outlook overshadowed positive results. Analysts suggest the stock may be nearing its fair value. The market is watching for further developments in the coming sessions.
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News and Media
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