In the past six trading days, Bajaj Finance share has soared 15 per cent.
The company's strong loan growth during the holiday season, with 12.06 million new loans booked (a 22 per cent increase from last year), contributed to this performance.
CLSA analysts believe that the budget measures will result in higher discretionary cash flows for mid-income households, leading to an uptick in durable goods consumption."Even as the boost to consumption demand may benefit Consumer Goods plays in the near-term, an indirect and a more durable trend may emerge for retail credit lenders.
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