Bajaj Finance share down by more than 2% today

Bajaj Finance share price is down today. At 2:45 p.m. IST, 26^th August, Bajaj Finance’s share is down by 2.49%, trading at Rs 878.35. Nifty 50 index is down by 0.76% at this time. In the past 5 days, the stock has lost 1.09%. Year-to-date (YTD), Bajaj Finance share has gained 27.07%. Nifty 50 has gained 4.29% in this period. The stock has outperformed the benchmark index by more than 20% in this period.

The share is currently trading at mid-way between its 52-week high price and 52-week low price range. 52-week high price of the share currently is Rs 978.80. 52-week low price of the share currently is Rs 645.10.

India stock markets are in sharp decline today. This, after US government issued a notification yesterday imposing another 25% tariff on Indian goods. These additional tariffs have been imposed as penalty for India buying Russian oil.

With this, the total tariff that US imposes on Indian goods now stands at 50%. Indian exports to US are now at a severe comparative disadvantage. This, because the tariffs imposed on the goods of India’s competitor countries such as Bangladesh, Vietnam etc. is at a much lower rate of 15% – 20%. India’s exports will now become much more expensive in comparison to the exports of these countries. Indian exports will therefore lose demand because of this.

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Source: NSE