Bajaj Finance has created a limitation on its growth by sheer size that it has grown too. You can ask people and now even tier 4/5 folks are getting calls from Bajaj Finance for loans. If they had slowed while over all environment became much slower then market would not bother about it but it is not the case. Others are growing aggressively while it is slowing. Significant correction which will be painful is ahead which often happens with stocks once they lose the fancy of leader of bull run. Happened to many names in the past like Laurus Lab/Divis Lab/Jubilant Food/even Asian Paints etc and ridiculed names such as ITC can also start to do well after years of beating and underperformance if market starts to like them. If anyone is expecting the stock performance as good as last 5-8 years in Bajaj Finance then it is unlikely. Law of the large numbers catches up and stocks which were multibagger becomes compounder then become slow grower safe houses like ITC. That is natural.
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