Why analysts are upbeat on Bajaj Finance even after a fall in Q2 profits

Analysts said Bajaj Finance results underline the changed landscape in terms of business traction as well as cautious stance of the management.

Synopsis
Near term profits and asset quality could be impacted due to pandemic but the business strengths of the company will help it overcome these headwinds.

Mumbai: A strong operating performance and higher provisions hold consumer loans company Bajaj Finance in good stead to address the economic challenges posed by the Covid 19 pandemic, analysts said.Near term profits and asset quality could be impacted due to pandemic but the business strengths of the company will help it overcome these headwinds.Pune based Bajaj Finance reported a 36% drop in net profit to Rs 965 crore for the quarter ended

Joel Rebello

ET Bureau

4 mins read, Last Updated:

Oct 21, 2020, 08:01 PM IST

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