InvestorQ : I have invested in Bajaj finance, last week, for long term @ 2650,..300 quantity... stock has fallen sharply, today...can I hold now or better to book loss and re enter ? due to Corona is there any big problem for Bajaj finance?
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I have invested in Bajaj finance, last week, for long term @ 2650,..300 quantity... stock has fallen sharply, today...can I hold now or better to book loss and re enter ? due to Corona is there any big problem for Bajaj finance?

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Moii Chavate answered.
12 months ago
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There is a slowdown in consumption due to the shutdown but the stock corrected all the way from Rs.5000 to Rs.2200. That, more or less, makes up for the sharp fall in the consumption over the next 21 days. It has now bounced back to the purchase price and so you don’t need to worry. You don’t have to hurry about exiting the stock because you have got in the stock at a very good price. At that level, the downside risk is quite limited and even valuations are at around 25 times P/E ratios. If you are in it for the long term, don’t worry too much about fluctuations in price as these will be taken care of once the market picks. Bajaj Finance still maintains very good asset quality and healthy margins so it is one of the best bets in the NBFC space.

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