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Covid-19 impact on Bajaj Finance seen to be temporary, say analysts
Bajaj Finance recently outlined the impact of the second wave of covid-19 infections on its business, analysts said the moderation would be temporary."We see temporary moderation in these businesses and expect some part of the lost demand to be compensated by the start of the unlocking," analysts at Motilal Oswal said in a report on 6 June.“With good pent-up demand, we may see a positive surprise in the second half– provided there is no impact in the form of a third covid-19 wave, or the wave is less intense in nature," the report said.The non-bank lender said on 4 June that business-to-business (B2B) and auto finance businesses were most affected due to strict lockdowns in majority of states.