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Bajaj Finance Shares Fall 9% After Bernstein Downgrades Stock

Bernstein cuts Bajaj Finance’s target share price by 64% to Rs 1,740 apiece

Shefali Malik
Sanjiv Bajaj, managing director at Bajaj Finance Ltd.’s parent Bajaj Finserv Ltd., during an interaction with BloombergQuint on the sidelines of WEF Davos 2020. (Photo: BloombergQuint)

Shares of Bajaj Finance Ltd. fell today after Bernstein downgraded the non-bank lender citing challenges to its unsecured consumer finance model in an environment that’s been stalled by the coronavirus outbreak.

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