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Bajaj Finance drops 8% on UBS downgrade, steep target cut

Updated : April 21, 2020 12:28 PM IST

UBS downgraded Bajaj Finance to 'sell' with a price target slashed to Rs 1,600 from Rs 4,600 earlier.
In a note, the research firm said loan growth and asset quality of the financial system will be affected.
Shares of Bajaj Finance fell 8 percent to Rs 2,126 per share on Tuesday.
Bajaj Finance drops 8% on UBS downgrade, steep target cut

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