Bajaj Finance and Bajaj Finserv shares saw a significant drop on Tuesday. This decline followed the company’s guidance indicating a potential slowdown in loan demand. Despite a strong second-quarter performance, this outlook overshadowed positive results. Analysts suggest the stock may be nearing its fair value. The market is watching for further developments in the coming sessions.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.