Large non-bank lenders flag early signs of stress in gold loan portfolios
Bajaj Finance moved higher.
· BS Companies
Bajaj Finance and Piramal Finance flag early signs of stress in gold loans as rapid lending growth raises concerns over repayment delays, borrower leverage and…
The analysis
Against that, the stock is -3.3% on the day at ₹926.00, and has returned -13.4% over three months. It sits 20% below its 52-week high. The financial services sector has moved -11.9% over the same period, so Bajaj Finance is running 1.5 points behind its peers.
For Bajaj Finance, the question is how much of this is already reflected in the price and how much re-rates the financial services peer set alongside it.
Market context
- The company directly in focus is BAJFINANCE.
- Sector exposure: Financial Services.
- The immediate tone of coverage reads negative.
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