Bajaj Finance | CMP: 3420 | Potential Upside Outlook

 

Bajaj Finance Ltd

Stock/Share Price: 3420

➽ In this article we will discuss recent development in the Stock/ Share of BAJAJFINANCE  in the Stock Market. 

Bajaj Finance Ltd is engaged in the business of retail financing. The company is engaged in providing finance for two-wheelers, consumer durables, personal computers, personal loans, insurance services, etc.They also extended their product line with the launch of IPO financing for high networth customers. The company plans to introduce new products, thus increasing its product portfolio as well as widen its presence in semi-urban and rural markets.

Recent Key Strengths

Growth in Net Profit with increasing Profit Margin (QoQ)

Increasing profits every quarter for the past 2 quarters

Annual Net Profits improving for last 2 years

Book Value per share Improving for last 2 years

Company with Zero Promoter Pledge

FII / FPI or Institutions increasing their shareholding

Stock gained more than 20% in one month

Strong Momentum: Price above short, medium and long term moving averages

Recent Weaknesses

Decline in Quarterly Net Profit with falling Profit Margin (YoY)

Companies with High Debt

Declining Revenue every quarter for the past 2 quarters

Promoter decreasing their shareholding

Low Piotroski Score : Companies with weak financials

Technical Chart 

Bajaj Finance stock is in strong uptrend and making higher high and higher low. The chart indicates that in the upcoming few trading sessions a strong upside price momentum can be seen in the stock which can take Bajaj finance stock to the level of 4000 and 4200 level in the upcoming few trading sessions.

So long position can be made in every opportunity for the potential upside level of  4000 to 4200 in the few trading sessions. 

Valuations & Key Figures

Thanks for your Precious Time.

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