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.