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Bajaj Finserv's profit rises 8%, but shares fall 6%
Business
Bajaj Finserv just reported an 8% rise in net profit for Q2, hitting ₹2,244 crore.
But despite the good news, its shares dropped over 6%.
The main reason? Bajaj Finance—its biggest money-maker—cut its growth forecast for FY26 because of rising credit costs.
Bajaj Allianz General Insurance reports profit growth
Bajaj Finance's own shares fell 7% after lowering its outlook by about 2% points.
On the brighter side, Bajaj Allianz General Insurance saw profits grow 5% to ₹517 crore and premiums go up by 9%, even as they dealt with higher costs.
Their strong solvency ratio shows they're still in a solid spot financially.