Bajaj Finance Ltd has become the first lender to indicate that investors need to tone down their expectations. Bajaj Finance could see just 60% of disbursements it had originally planned, it said. Bajaj Finance has a provision of ₹840 crore towards pandemic related risks which should give investors some comfort. Motilal Oswal has already slashed its estimate for Bajaj Finance EPS by 11% for FY22. Bajaj Finance shares have gained 11% since April and trade at a rich multiple of 8 times estimated book value for FY22.

Source: Mint June 07, 2021 05:03 UTC