Market darling to a laggard: Bajaj Finance was an underperformer last year. Will 2024 be different?

For a ‘market darling’, Bajaj Finance certainly failed to live up to its reputation in 2023. It’s a year the company’s investors would want to forget — one in which their favourite ‘wealth generator’ underperformed the benchmark indices. But the first week of 2024, even as the broader market sentiment was muted, they had a reason to cheer. Bajaj Finance shares zoomed over 4% on January 4, a day after the company reported a 26% year-on-year