BAJFINANCE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | BAJFINANCE | Market Cap | 5,83,372 Cr. | Current Price | 937 ₹ | High / Low | 1,102 ₹ |
| Stock P/E | 34.4 | Book Value | 166 ₹ | Dividend Yield | 0.47 % | ROCE | 11.1 % |
| ROE | 17.7 % | Face Value | 1.00 ₹ | DMA 50 | 918 ₹ | DMA 200 | 936 ₹ |
| Chg in FII Hold | -0.16 % | Chg in DII Hold | 0.24 % | PAT Qtr | 4,840 Cr. | PAT Prev Qtr | 3,750 Cr. |
| RSI | 57.8 | MACD | 9.49 | Volume | 2,93,36,023 | Avg Vol 1Wk | 1,26,58,535 |
| Low price | 788 ₹ | High price | 1,102 ₹ | PEG Ratio | 1.91 | Debt to equity | 3.13 |
| 52w Index | 47.4 % | Qtr Profit Var | 22.8 % | EPS | 28.6 ₹ | Industry PE | 18.2 |
📈 BAJFINANCE is trading at ₹937, above its 50 DMA (₹918) and close to its 200 DMA (₹936), showing neutral-to-bullish alignment. RSI at 57.8 indicates healthy momentum, while MACD at 9.49 confirms mild bullish divergence. Bollinger Bands suggest price stabilizing near the mid-to-upper range. Current volume (2,93,36,023) is significantly above the 1-week average (1,26,58,535), confirming strong participation.
🔑 Short-term momentum signals: Support lies near ₹920–₹930 (DMA zone), resistance around ₹1,000–₹1,020. Entry zone is closer to ₹920–₹930 on pullbacks. Exit zone should be considered near ₹1,000–₹1,020. The stock is in a consolidation phase with bullish bias.
✅ Positive
- EPS of ₹28.6 provides steady earnings base.
- Quarterly PAT growth (+22.8%, ₹4,840 Cr vs ₹3,750 Cr).
- ROE at 17.7% indicates strong profitability.
- PEG ratio of 1.91 suggests fair valuation relative to growth.
- Strong volume surge supports momentum.
⚠️ Limitation
- High debt-to-equity ratio (3.13) raises leverage risk.
- ROCE at 11.1% is modest compared to peers.
- P/E of 34.4 vs industry average of 18.2 indicates overvaluation.
- Minor decline in FII holdings (-0.16%) shows foreign caution.
📉 Company Negative News
- High leverage remains a structural concern.
- Valuation premium compared to industry peers.
📊 Company Positive News
- Strong quarterly profit growth.
- Domestic institutional inflows (+0.24%) support sentiment.
- Technical strength confirmed by volume surge.
🏭 Industry
- Industry P/E at 18.2 highlights sector trading at lower multiples.
- NBFC sector remains resilient but faces margin pressures.
📝 Conclusion
BAJFINANCE shows consolidation with bullish undertone, supported by strong quarterly earnings and volume surge. Entry near ₹920–₹930 offers favorable risk-reward, with exit around ₹1,000–₹1,020. High leverage and stretched valuations warrant strict stop-loss discipline.
Would you like me to extend this into a peer benchmarking overlay comparing BAJFINANCE against Bajaj Finserv and other NBFC peers for relative strength and valuation?