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Bajaj Finance has fallen 40% in three months. But investors still find the stock too expensive.

Owing to its unsecured consumer-finance model and short-term maturity books, Bajaj Finance has taken a heavy beating during the current crisis with the stock falling 40% since February. While it may seem like an ideal ‘buy’, investors prefer to wait as the stock is volatile and valuations are high even at the current levels.
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9 Jun 2020 8 Mins Read 16 comments
Sanjiv Bajaj speaks at 83rd Annual General Meeting of MCCIA on September 20, 2017 in Pune.
Sanjiv Bajaj speaks at 83rd Annual General Meeting of MCCIA on September 20, 2017 in Pune.
The pandemic has added to the woes of the liquidity-starved NBFC sector. And one of the biggest casualties in the space has been Bajaj Finance. Falling from its 52-week high in February, shares of Bajaj Finance have been down 40% over the last three months, trading at INR2,507. While this may seem an ideal time to buy the stock,
at the long history of the company,” said a fund manager who previously invested in the stock and is looking for a new opening. There has been a respite over the last one week as stock moved up by almost 33%. On Monday (June 8) the stock was up 5%. Will this trend continue? ( Graphics by Abdul Shafiq)
The pandemic has added to the woes of the liquidity-starved NBFC sector. And one of the biggest casualties in the space has been Bajaj Finance. Falling from its 52-week high in February, shares of Bajaj Finance have been down 40% over the last three months, trading at INR2,507. While this may seem an ideal time to buy the stock, at the long history of the company,” said a fund manager who previously invested in the stock and is looking for a new opening. There has been a respite over the last one week as stock moved up by almost 33%. On Monday (June 8) the stock was up 5%. Will this trend continue? ( Graphics by Abdul Shafiq)

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