$BAJFINANCE Bajaj Finance shares fell sharply today—down about 5–6%

Bajaj Finance shares fell sharply today—down about 5–6%—after the Reserve Bank of India issued draft norms restricting NBFCs from offering revolving credit facilities. The stock closed near ₹1,075 on NSE, marking its second consecutive day of losses. 📉 Market Snapshot (as of August 7 2026) Metric Latest Value Change Trend NSE Price ₹1,076.80 −5.94% Bearish BSE Price ₹1,075.65 −6.46% Bearish Day Range ₹1,075 – ₹1,120 High volatility 52‑Week Range ₹787.92 – ₹1,177.60 Near lower band Volume (NSE + BSE) 21.8 M Above average selling pressure 🧾 RBI Draft Norms Impact New Rule: NBFCs can only offer term loans; revolving credit (flexi‑loans) banned except for credit‑card issuers. Objective: Reduce borrower stress and improve asset quality. Brokerage Views: Bernstein: Sees 15–20% impact on Bajaj Finance’s AUM; asset quality risk is key. IIFL: Expects profitability and customer growth to be hit due to loss of flexi‑loan products. Timeline: Comments open until August 28 2026; rules to take effect once notified. 💰 Financial Performance (Q1 FY27 – June 2026) Metric Value YoY Change Revenue ₹23,165.45 Cr ↑ 18.65% Net Profit ₹5,985.75 Cr ↑ 27.37% EBITDA ₹16,373.53 Cr ↑ 20.96% EPS ₹9.62 ↑ 27% AUM Growth +29% YoY Strong loan book expansion Despite solid earnings, sentiment turned negative after the RBI’s announcement, overshadowing strong fundamentals. ⚙️ Sector Context NBFC Peers Affected: Bajaj Finserv (−4.4%), Shriram Finance (−3.8%), Trent (−3.3%). Banks: Limited direct impact but possible spillover risks if borrower stress emerges. Macro Backdrop: Crude oil above $80 a barrel and weak global sentiment dragged indices lower—Sensex −500 pts, Nifty below 24,550. 📈 Technical Outlook Level Price Comment Support ₹1,050 Key near‑term floor Resistance ₹1,120 Reversal zone Trend Bearish short‑term Long‑term still bullish on fundamentals