Bajaj Finance declines for fifth straight session, sheds 6% in one week

In the past six months, the stock has plunged 23 per cent as compared to a 3.4 per cent fall recorded by the Sensex

Shares of Bajaj Finance declined for the fifth straight day on Tuesday, falling 1 per cent intra-day to Rs 5,776 on the BSE. In the past one week, the stock of the non-banking finance company (NBFC) has slipped 6 per cent on concerns of slowdown in loan growth and net interest margin (NIM) compression. In comparison, the S&P BSE Sensex was down 3 per cent during the week.

In the recent past, Bajaj Finance has underperformed the market by a huge margin. In the past one month, the stock slipped 10 per cent as against a 4.5 per cent