Bajaj Finance: Stress in consumer pockets real, stock worth may be tested

Auto loans, B2B and B2C consumer durable loans face the heat in Q3

The devil lies in details. The saying would have never been truer than now for Bajaj Finance which published its December quarter results post market hours on Wednesday. While a bit off from the all-time of Rs 5,372 that Bajaj Finance stock touched just ahead of the new year, for investors who may have brushed aside some critical concern– that of growth and asset quality, owing to Bajaj Finance’s leadership position in the consumer finance business and also its ability to procure capital at the lowest ever price (7.78 per cent in Q3) among non-banking finance companies, post Q3 results