 "Last month, foreign brokerage Bernstein had downgraded Bajaj Finance to ‘underperform’ and had cut the target price to Rs 1,740 from Rs 4,820.")
Shares of Bajaj Finance erased 7.8 per cent to hit an intra-day low of Rs 2,126.35 apiece on the BSE on Tuesday after global brokerage UBS downgraded the stock to 'sell' from 'neutral' on asset quality concerns amid the Covid-19 pandemic. They cut the 12-month target price to Rs 1,600, down from Rs 4,600.
At 11:45 am, the scrip was at Rs 2,138.45, down 7.32 per cent on the BSE, as against a 3 per cent decline in the headline S&P BSE Sensex. Nearly 3.1 million shares have changd hands on the counter on the NSE and BSE till the
