India, Oct. 8 -- Bajaj Finserv's stock correction comes despite continued growth in its core businesses. While Bajaj Finance remains strong, the insurance businesses and newer ventures are at different stages of profitability. The key question is whether the recent decline reflects fundamental weakness or a valuation reset despite improving earnings potential.

Bajaj Finserv was trading around Rs1,708 per share, with a market capitalization of roughly Rs2.74 lakh crore and a P/E of around 27x. The stock's 52-week range was approximately Rs1,597-Rs2,195, while its price-to-book ratio was about 5.5x.

Strong Growth At The Group Level Bajaj Finserv reported consolidated total income of Rs42,037 crore in Q1 FY27, up 19% YoY, while consolida...