Stock is TOP loser on Nifty today, down 3 % -Check CAUTIOUS management commentary

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Bajaj Finance in its business update said there is no change in the long-term guidance. Adding to it, Bajaj Finance said the lockdown has the worst effect on the B2B business and auto finance segment. As compared to the plan, the B2B business ad auto finance volume stood at 70% in April and 40% in May. 

Bajaj Finance delivered 60% of the planned disbursements. Due to the second wave of COVID, there will be an impact of around Rs 4000 cr to Rs 5000 cr on the AUM growth of FY22. EMI bounce rate in