Bajaj Finance Share Price: Bajaj Finance shares were trading in an uptrend on Monday (January 19), even as broader markets witnessed selling pressure.
The stock opened flat at Rs 950.50 and gained more than 2 per cent during the session, touching an intraday high of Rs 971.85 on NSE. Around 2 PM, Bajaj Finance shares continued to trade firmly in the green and were quoting close to the day’s high at Rs 970.20 on the NSE. At the same time, strong investor participation was seen, with around 48 lakh shares of the NBFC changing hands. The stock has now advanced for two consecutive trading sessions and was among the top gainers in the Nifty 50 pack at the time of writing this report. On the BSE, Bajaj Finance shares were trading at Rs 269.45, placing the stock among the day’s top gainers in the Sensex. Speaking to ET NOW Swadesh, Swati Hotkar, AVP–Equity Technical Research at Nirmal Bang Securities, said that Bajaj Finance is a very good company with strong financials, making it suitable for long-term investment. She said that Bajaj Finance stock was in an oversold zone and therefore the recent decline was expected and much awaited. She noted that the daily momentum indicator has now triggered a positive crossover, which signals a possible shift towards bullish momentum. Hotkar observed that strong buying interest is visible at lower levels in Bajaj Finance, indicating confidence among investors. The stock has reclaimed its 200-day moving average (200-DMA), which is an important technical level. Bajaj Finance shares are currently trading higher than 5-day and 200-day moving averages but lower than 20-day, 50-day and 100-day moving averages. The general rule says that if a stock is trading above its 200-DMA, the trend is largely upward. It signals a potential shift from a bearish trend to a bullish one, indicating renewed strength and serving as a positive buy signal for long-term investors. "The downside in Bajaj Finance appears limited from current levels. The zone between Rs 930 and Rs 935 is seen as a very strong support area, where buyers are likely to emerge. This support is helping the stock stabilise after the recent correction," she said. Hotkar added thar Bajaj Finance is buy on dip counter. She has suggested to buy and add more Bajaj Finance stock to the portfolio on every decline. "From current levels, the stock has the potential to witness a pullback rally and can move towards the target range of Rs 1,050 to Rs 1,100 in the near term." Meanwhile, Bajaj Finance has announced the schedule for the next board meeting to announce the third quarter results. In an exchange filing, Bajaj Finance said that the board will meet on February 3 to approve the financial statement for October to December quarter. "Meeting of Board of Directors of the Company will be held on Tuesday, 3 February 2026, inter-alia, to consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter and nine months ended 31 December 2025," Bajaj Finance said in filing. VIDEO
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
