bajaj finserve for fresh investment or addition wait for DZ

Bajaj Finserv Ltd. (BAJAJFINSV) is an important financial-services platform with exposure to lending, housing finance, general insurance, life insurance, broking and digital financial services. From a fundamental perspective, the company continues to show healthy underlying business growth, although the stock’s current technical structure remains a key point to watch. Fundamental Perspective FY26 was a strong year for the group. Consolidated total income reached ₹1,50,530 crore, up 13%, while consolidated PAT stood at ₹9,801 crore, up 10%. Bajaj Finance remained the major earnings engine, with AUM reaching approximately ₹5.10 lakh crore, up 22%, and PAT attributable to owners increasing 14% to ₹19,017 crore. One important development is the completion of the acquisition of Allianz SE's 26% stake in Bajaj's two insurance subsidiaries. Technical Perspective Here the picture is more cautious. The stock is currently trading below its major short- and medium-term moving averages. Data available on 17 September shows the 20-day, 50-day and 200-day averages broadly around ₹1,900–₹1,970, leaving the current price below these levels. RSI readings are also in the weak zone, indicating that momentum has deteriorated substantially. From a trading perspective, ₹1,820–₹1,800 becomes an important support zone. A sustained breakdown below this region could increase selling pressure towards ₹1,780. On the upside, ₹1,865–₹1,900 is the first zone that needs to be reclaimed. A sustained move above ₹1,900–₹1,905 could improve the short-term technical structure, while stronger confirmation would come above the higher moving-average cluster around ₹1,940–₹1,970.