Bajaj Finance: Signs of full-blown recovery aren't convincing enough

Usually, the Street tends to cheer Bajaj Finance’s quarterly performance updates. But when on late Monday evening, the country’s largest consumer loans lender published numbers for the March 2021 quarter (Q4), there was little reaction on the bourses in Tuesday’s trade.  On the whole, with Bajaj Finance posting 4 per cent YoY growth in assets under management, or AUM (Rs 1.53 trillion, up 6 per cent sequentially) and better than Q3’s flat AUM growth, the performance is quite reasonable, considering that the lender is also on a wait-and-watch mode. AUM growth .....

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