BAJFINANCE

Q3 update: AUM grows 22% YoY to Rs 4.85 lakh crore; should you buy NBFC stock below Rs 1000?

Bajaj Finance Share Price: Shares of Bajaj Finance, the country’s largest non-banking financial company (NBFC), are in focus today (Monday, January 5) following the release of its third quarter business update. The stock opened lower by 1 per cent at Rs 979.70 on the NSE, compared to its previous close of Rs 990.45. At around 9:45 AM, Bajaj Finance shares continued to trade in the red at Rs 982.25. A total of 33 lakh shares of the Pune-based NBFC changed hands within the first 30 minutes of the trade. On the BSE, Bajaj Finance shares traded 0.56 per cent lower at Rs 985 around the same time with spurt in volume by more than 2.21 times. From technical standpoint, Bajaj Finance shares are trading higher than 200-day moving averages but lower than 5-day, 20-day, 50-day and 100-day moving averages