Bajaj Finance tumbled 6.07% to Rs 2876.15, extending its losing streak to fourth consecutive session.
Shares of Bajaj Finance have lost 27.28% in four trading sessions from its previous closing high of Rs 3955.35 posted on 13 March 2020.Bajaj Finance has tanked 41.58% from its record high level of Rs 4923.20 registered on 20 February 2020. The benchmark Nifty 50 index has tanked 31.45% in the same period.
The World Health Organization (WHO) declared COVID-19 a global pandemic on 11 March 2020 as the new coronavirus has rapidly spread to more than 219,548 people from Asia to the Middle East, Europe and the United States. The uncertainty regarding the effect of the coronavirus epidemic impacted investors sentiment.
Bajaj Finance is engaged in lending and allied activities. It focuses on consumer lending, small and medium-sized enterprises (SME) lending, commercial lending, rural lending, fixed deposits and value-added services.
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