BFBajaj Finance500034Non banking financial

Bajaj Finance stock fell 3.5% despite decent results, due to margin pressure, rising stage 2/3 assets in gold loans and higher provisions

By ScoutQuest · Wed 21 Oct 2026, 12:40 PM IST · 1 min read

Stock move today

down 3.5 percent

Margin impact this quarter

10 to 12 basis points

Earlier FY27 margin compression guidance

10 to 15 basis points

Stage two gold loan asset increase

1,047 crore rupees

Additional provision made

337 crore rupees

Heard on business television between 12:43:39 - 12:46:39 IST.

• Stock down 3.5% despite strong AUM growth led by gold loans, CV and tractor financing, and healthy credit quality.
• Margins impacted by 10-12 basis points QoQ; management now expects more than earlier guided 10-15 bps compression in FY27 margins, with moderation expected in H2 FY27.
• Stage two and three assets rose, driven by about 1,047 crore rupees increase in stage two gold loan assets.
• Company made additional provision of around 337 crore rupees, which it said was for resilience, not stress.
• Insurance draft consultation paper adds uncertainty to margins and fee income; Chakri Lokpriya said the stock is fully valued given growth rate and recommended staying away, citing expensive valuation versus peers and exposure to shorter-term consumer loans amid rising rates.

The call above is Chakri Lokpriya's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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