Weak retail growth worry hits Bajaj Finance

Bajaj Finance stock fell 4% today post the announcement of its first quarter results, for the period ended June 2019. In all, the stock has lost 12% in the last two months as the slowdown in consumption has begun to show in the company’s performance. Bajaj Finance, the country’s most valuable lender, said in its investor presentation that credit disbursals fell 15%-18% during the quarter as the company tightened lending norms in several categories that contribute to more than two-thirds of its business. The new norms have affected both urban…

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Retail inflation expected to rise further, likely to cross 4% in November: Experts

Retail inflation, which touched a seven-month high in October, is expected to rise further and cross the 4 per cent mark this month, driven by rise in vegetable and oil prices, experts say. According to global financial services majors like Nomura, BofAML and Morgan Stanley, price pressures are likely to build further in the coming months following a cyclical recovery in the economy and rise in vegetable and oil prices. “We expect CPI inflation to rise above 4 per cent in November and stay above the RBI’s target of 4…

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