Bajaj Finance fell up to 8% in the day's trade-its biggest fall seen in 8 months, after delivering operational update for Q3. They key reasons for the fall include-5.7% QoQ AUM growth in 3Q is softest in last 10 years and below expectations, loan growth slowed despite festival season; QoQ growth of 6% in Q3 vs 7% in Q2 and new customer acquisition has been highest for the quarter at 31lk, but still is slower than expected. The stock has corrected by 21% over the last one year, but it remains most expensive NBFC; trading at 6.4x 12M forward price-to-book ratio.
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