Muted growth guidance pulls down Bajaj Finance

Shares of India's largest NBFC drop 5% after Q4 earnings

- NIKITA VASHISHT

Bajaj Finance's move to moderate its guidance for asset growth in 2025-26 (FY26) has disappointed investors, with its shares tumbling nearly 6 per cent on the BSE during Wednesday's intraday trade.

Shares of the NBFC hit a low of ₹8,560 during the day, before settling at ₹8,635.7 apiece, down 4.99 per cent. By comparison, the benchmark BSE Sensex closed 0.06 per cent lower.

"Moderation in growth guidance was a major negative for Bajaj Finance in Q4. Though we like Bajaj Finance for its ability to navigate across cycles, the revised growth guidance makes the stock's current valuation look rich. It provides limited upside in the near term," said analysts at JM Financial Institutional Securities.

Bajaj Finance on Tuesday revised its assets under management (AUM) growth guidance to 24-25 per cent for FY26, compared to 25-27 per cent projected earlier.