Bajaj Finance slides 5% as mgt flags rural, B2C stress post Q3 results

Despite an in-line December quarter, investors booked profit in shares of Bajaj Finance as the management turned cautious on B2C (business-to-consumer) and rural segment post the December quarter (Q3) results of financial year 2023-24 (FY24).

Shares of the Bajaj Group company tumbled 5.3 per cent to Rs 6,806 per share on the BSE in Tuesday's intraday trade. It ended 5.17 per cent lower at Rs 6,816 as against 1.12 per cent dip in the benchmark S&P BSE Sensex index and 0.47 per cent fall in the BSE Financial Services index.

Shares of Bajaj Finserv, meanwhile, settled 2.8