Bajaj Finance in Focus on ₹17,500 Cr Fundraise Plan

Bajaj Finance is in focus after its Board approved a QIP and promoter warrants. The stock is 19% off its high, with support at ₹865 and resistance at ₹1,043. Bajaj Finance Limited [

] may stay in focus today after its board cleared plans to raise up to Rs 17,500 crore. Rs 11,700 crore would come from a qualified institutions placement (QIP). Rs 5,800 crore would come from warrants issued to promoter Bajaj Finserv, convertible into equity shares within 18 months. Fresh equity strengthens the capital base and raises the share count. Investors may look for the QIP price and timeline, as these will show the dilution impact. The stock last closed at Rs 948.30, down 1.16%, its fourth straight lower close. It is about 19% below the all-time high of Rs 1,176 made in August 2026. The daily RSI is at 32, below its average of 37.6, so momentum is weak and near oversold levels. The trend remains down, and the news may not change it. Rs 865 is the immediate support and Rs 790 the major support. Rs 1,043 is the immediate resistance. The market may react to how the stock behaves around Rs 865. A close above Rs 1,043 is expected to be the first sign of improvement. A QIP priced well below market may add pressure. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.