Hey guys !!!
We have already seen big crash in bajaj finance stock. Whenever we find a crash in shares we try to find out the reason for that particular crash. And during the crash if any commentary comes from the management it is very reliable for the market, traders& investors.
Bajaj finserv's managing director Sanjeev Bajaj gave commentary on this fall. If we check bajaj finance's chart we can see the high of rs 4923 on the date of 20 Feb. And after the continuous fall bajaj finance made low of rs 2104 on 24March. If we compare high to low it is big fall of about -57.26%. Still fall is continue and made new low on 27 Apr, of 1915. And on the 26 May, it made new low of 1822. Situation is very week in the bajaj finance. If you compare all time high to 26 may low, it is fall of about -63%.
After this big fall we really need to know about the weakness in the chart.
Sanjiv Bajaj gave commentary at Economic times,
6 month moratorium unnecessary, it can alter credit behavior of customers: Sajiv bajaj.
I reccomend u to visit economic times website for full commentary, we can't discuss full commentary here so we will discuss few main points only.
Sajiv bajaj directly saying on loan moratorium, he said that first loan moratorium which is for 3 month, is very understandable. But second loan moratorium which is extended till 31 august. He was unhappy with this 2nd loan moratorium.
He has gave very fair example for these, people who has taken loan of amount more than 10 lac for the multi years, for them loan moratorium is understandable. But people who has taken loan of rs 25to50000rs for the 8 to 12 month, for buying electronic gadgets, it doesn't make sense.
He said it can create moral hazard and alter the credit behavior of the customer.
I recommend you to visit official website of economic times and read full commentary of the Sanjiv Bajaj,
"Let's create wealth together"
We have already seen big crash in bajaj finance stock. Whenever we find a crash in shares we try to find out the reason for that particular crash. And during the crash if any commentary comes from the management it is very reliable for the market, traders& investors.
Bajaj finserv's managing director Sanjeev Bajaj gave commentary on this fall. If we check bajaj finance's chart we can see the high of rs 4923 on the date of 20 Feb. And after the continuous fall bajaj finance made low of rs 2104 on 24March. If we compare high to low it is big fall of about -57.26%. Still fall is continue and made new low on 27 Apr, of 1915. And on the 26 May, it made new low of 1822. Situation is very week in the bajaj finance. If you compare all time high to 26 may low, it is fall of about -63%.
After this big fall we really need to know about the weakness in the chart.
Sanjiv Bajaj gave commentary at Economic times,
6 month moratorium unnecessary, it can alter credit behavior of customers: Sajiv bajaj.
I reccomend u to visit economic times website for full commentary, we can't discuss full commentary here so we will discuss few main points only.
Sajiv bajaj directly saying on loan moratorium, he said that first loan moratorium which is for 3 month, is very understandable. But second loan moratorium which is extended till 31 august. He was unhappy with this 2nd loan moratorium.
He has gave very fair example for these, people who has taken loan of amount more than 10 lac for the multi years, for them loan moratorium is understandable. But people who has taken loan of rs 25to50000rs for the 8 to 12 month, for buying electronic gadgets, it doesn't make sense.
He said it can create moral hazard and alter the credit behavior of the customer.
I recommend you to visit official website of economic times and read full commentary of the Sanjiv Bajaj,
"Let's create wealth together"
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