Bajaj Finance Shares Fall 8% as Asset Quality Weakens in Q2
A Sudden Slide in the Stock Shares of Bajaj Finance slipped sharply on November 11, tumbling over 8% intraday to hit ₹997 on the NSE. Even though the company posted healthy quarterly numbers, the Street reacted negatively to the worsening asset quality , pulling the stock briefly below the ₹1,000 mark. Last seen, the stock recovered slightly but was still down 7.54% at ₹1,003.20 . Why the Market Reacted: Asset Quality Concerns GNPAs and NNPAs Rise The company reported a clear deterioration in its asset book: Gross NPAs: 1.24% (up from 1.06% last year) Net NPAs: 0.6% (up from 0.46%) For an NBFC of Bajaj Finance’s scale, even small increases in NPAs signal rising stress. Capital Adequacy Still Healthy The capital adequacy ratio remained strong at 21.23% , giving the company enough buffer for future growth and risk absorption. Q2 Performance: Strong Numbers, Soft Sentiment Profit & Income Growth Despite NPA concerns, Bajaj Finance delivered solid financials: Ne...