BAJFINANCE

Fundamental View-

Bajaj Finance is one of India's leading Non-Banking Financial Companies (NBFCs), known for its diversified lending portfolio and strong financial discipline. The company operates across various segments such as consumer finance, SME lending, commercial lending, and wealth management. For FY24, Bajaj Finance reported a Net Interest Income (NII) of ₹32,467 crore and a Net Profit of ₹14,451 crore, reflecting robust year-on-year growth. Its Assets Under Management (AUM) stood at approximately ₹3.3 lakh crore, and the Gross NPA (Non-Performing Assets) was well-managed at around 0.87%, indicating strong asset quality. The company boasts a healthy Return on Equity (ROE) of ~23–24%, making it one of the top performers in the financial sector. Technical View- Based on the hourly chart of Bajaj Finance (BAJFINANCE), the stock has shown a strong rebound after consolidating near the 920 zone. It is now approaching a crucial resistance around the 943–945 level, which aligns with the 200 EMA on the hourly timeframe. The Parabolic SAR dots are positioned below the price, signaling a short-term bullish bias. MACD is in a positive crossover and gradually strengthening, while RSI at 65.26 indicates positive momentum with further room for upside. With the Q1 results scheduled for 24th July, signs of pre-result speculative buying are evident. If the results are better than expected, the stock may break above 950 and potentially move toward the 970–990 zone. On the downside, 928–930 acts as immediate support, and any dip near this area could be considered a buy-on-dip opportunity. Additionally, the daily and weekly charts reflect strong bullish structure, and the 900 level acts as a major support. If the current rally sustains, Bajaj Finance may soon head towards the 990–1000 levels in the near term.