Bajaj Finance Stock Update: Key Metrics and Trends as of May 14, 2024

Bajaj Finance's stock is trading at Rs 6,710.00 with a market capitalization of Rs 415,680.79 crore and EPS of Rs 233.46, showing mixed results over various timeframes. The stock's performance is being closely monitored amidst mixed trading in the Asia-Pacific region.

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Aqsa Younas Rana
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Bajaj Finance Stock Update: Key Metrics and Trends as of May 14, 2024

Bajaj Finance Stock Update: Key Metrics and Trends as of May 14, 2024

As of May 14, 2024, Bajaj Finance's stock is trading at a price of Rs 6,710.00, with a market capitalization of Rs 415,680.79 crore and earnings per share (EPS) of Rs 233.46. The stock's performance over various timeframes shows mixed results, with a -0.38% return over the last day, -5.44% over the past month, and 0.67% over the last three months.

Why this matters: The performance of Bajaj Finance's stock has a significant impact on the Indian financial market, as it is a major player in the NBFC sector. Any fluctuations in its stock price can influence investor sentiment and have broader implications for the economy.

Technical analysis of Bajaj Finance stock reveals key pivot levels and moving averages. The daily pivot level stands at Rs 6,716.93, with resistance levels at Rs 6,737.87 (R1), Rs 6,760.93 (R2), and Rs 6,781.87 (R3). Support levels are identified at Rs 6,693.87 (S1), Rs 6,672.93 (S2), and Rs 6,649.87 (S3). The stock is currently trading below its 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day simple moving averages (SMA) and exponential moving averages (EMA).

Bajaj Finance Ltd., incorporated on March 25, 1987, is a Large Cap company operating in the NBFC sector. With a registered office in the State of Maharashtra, India, the company has a Corporate Identification Number (CIN) of L65910MH1987PLC042961 and a registration number of 042961. As of March 31, 2022, Bajaj Finance reported a total operating revenue of Rs 27,864.28 crore and an equity capital of Rs 120.66 crore.

In comparison, Jio Financial Services Ltd. has shown strong performance over various periods, with returns of -3.40% (1-week), -2.88% (1-month), 26.03% (3-month), 53.49% (6-month), and 36.72% (1-year, 3-year, and 5-year). This comparative analysis highlights the contrasting performance of Bajaj Finance and Jio Financial Services in the current market environment.

Bajaj Finance's stock performance comes amidst mixed trading in the Asia-Pacific region on Tuesday morning. The Asia Dow is up by 0.73%, Japan's Nikkei 225 is trading in green with a 0.78% increase, Hong Kong's Hang Seng index is higher by 0.80%, while the benchmark Chinese index Shanghai Composite is down by 0.21%. In the commodities market, WTI crude prices are trading at $79.29, a 0.21% increase, and Brent crude prices stand at $83.55, showing a 0.23% uptick. The US Dollar Index (DXY) has seen a 0.04% decline, trading at 105.22.

As Bajaj Finance navigates the current market landscape, investors will closely monitor the company's performance and key metrics. With a strong market presence in the NBFC sector and a track record of growth, Bajaj Finance remains a significant player in the Indian financial market. However, the stock's recent performance and technical indicators suggest a cautious approach may be warranted in the near term.

Key Takeaways

  • Bajaj Finance's stock price is Rs 6,710.00 with a market capitalization of Rs 415,680.79 crore.
  • The stock has shown mixed results, with -0.38% return over the last day and 0.67% over the last three months.
  • Technical analysis reveals key pivot levels and moving averages, with the stock trading below its 5-day, 10-day, and 20-day SMAs and EMAs.
  • Bajaj Finance Ltd. is a Large Cap company operating in the NBFC sector with a total operating revenue of Rs 27,864.28 crore.
  • The stock's performance is being closely monitored by investors, with a cautious approach suggested in the near term.