Bajaj Finance is currently the top loser on the BSE and lost almost 8.5% to hit an intraday low at Rs.6032.25 on the back of 14x surge in volumes.

Yesterday evening, post market hours, the company published its Q3FY23 report. The report said:

1. Customer franchise as of 31 December 2022 stood at 66.0 MM as compared to 55.4 MM as of 31 December 2021. The Company recorded highest ever quarterly increase in its customer franchise of 3.1 MM in Q3 FY23.

2. New loans booked during Q3 FY23 were highest ever at 7.8 MM as compared to 7.4 MM in Q3 FY22.

3. Assets under management (AUM) grew by 27% to approximately Rs.230,850 crore as of 31 December 2022 as compared to Rs.181,250 crore as of 31 December 2021. AUM in Q3 FY23 grew by approximately ? 12,500 crore.

4. Consolidated net liquidity surplus stood at approximately Rs.12,750 crore as of 31 December 2022. The Company’s liquidity position remains strong.

5. The Company continues to remain well capitalized with capital adequacy ratio (CRAR) of approximately 25.1% as of 31 December 2022. 6. Deposit book stood at approximately Rs.43,000 crore as of 31 December 2022 as compared to Rs.30,481 crore as of 31 December 2021, a YoY growth of 41%.

The market was perturbed because the growth of assets under AUM had slowed down and this caused anxiety to fund/brokerage houses tracking the stock. This selling pressure pushed down the stock price today.