• Source:JND
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Shares of Bajaj Finserv Ltd and IndusInd Bank tanked significantly during the early trade on Wednesday, reacting to recent developments — one involving lower-than-expected market sentiment despite strong earnings, and the other a top-level exit over accounting lapses.

The Bajaj Finserv stock fell 6.68 per cent to Rs 1,927 on the BSE and 6.79 per cent to Rs 1,926.50 on the NSE. The sell-off suggests that other elements, like slower growth momentum, muted forward guidance, or general sector sentiment, may have let investors down. Subject to shareholder approval at the next AGM, the board also suggested paying out a dividend of Re 1 per share, or 100% of the face value.

Despite reporting a 14% year-over-year increase in consolidated net profit to Rs 2,417 crore for the quarter ending March 31, 2025, Bajaj Finserv Ltd (BFL) fell by almost 7%. In the same period last year, the company reported a profit of Rs 2,119 crore. Additionally, consolidated income increased from Rs 32,042 crore in Q4 FY24 to Rs 35,596 crore.

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Bajaj Finserv's annual profit for the entire fiscal year 2024–2025 increased by 9% to Rs 8,872 crore from Rs 8,148 crore the year before.

IndusInd Bank Shares Decline 3%

Following the abrupt resignation of Managing Director & CEO Sumant Kathpalia, who took "moral responsibility" for accounting errors in the bank's derivatives portfolio that had a financial impact of Rs 1,960 crore, IndusInd Bank shares fell more than 3%.

The stock fell 3.21 per cent to Rs 810.05 on the NSE and Rs 810.40 on the BSE.

In light of the growing financial irregularities, Kathpalia's departure occurs just days after Arun Khurana, the bank's deputy CEO, resigned and months after Govind Jain, the CFO, resigned in January.

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