Key Events This Week
23 Feb: Robust trading activity with steady price gains and open interest surge
24 Feb: MarketsMOJO upgrades Bajaj Finance to Buy on strong technical and fundamental grounds
26 Feb: Technical momentum shifts to mildly bullish amid mixed indicator signals
27 Feb: Week closes at Rs.996.50, down 3.17%
23 February 2026: Strong Trading Activity and Derivatives Surge
On Monday, Bajaj Finance demonstrated resilience with a modest gain of 0.18%, closing at Rs.1,031.05 against the Sensex’s 0.39% rise to 36,817.86. The stock was among the most actively traded by value, with a turnover of ₹80,445.53 lakhs and volume of over 77 lakh shares, signalling sustained investor interest despite a recent mojo grade downgrade.
Notably, open interest in the derivatives segment surged 16.52% to 1,90,384 contracts, reflecting heightened market activity and bullish positioning by traders. The stock traded comfortably above all key moving averages, reinforcing a bullish technical setup. However, delivery volumes declined by 26.05% compared to the five-day average, indicating some caution among long-term holders.
24 February 2026: Upgrade to Buy by MarketsMOJO
Following the previous day’s momentum, MarketsMOJO upgraded Bajaj Finance from 'Hold' to 'Buy' on 23 February, citing strong technical and fundamental improvements. The stock closed marginally up at Rs.1,023.80 on 24 February, despite a 0.70% intraday decline, reflecting mixed market reactions to the upgrade.
The upgrade was driven by bullish MACD and Bollinger Bands signals on weekly and monthly charts, alongside a healthy ROE of 17.7% and a robust long-term growth trajectory. Despite a premium valuation with a P/B ratio of 6.2 and a PEG of 2.6, the company’s market leadership and consistent outperformance justified the positive outlook.
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26 February 2026: Technical Momentum Shifts to Mildly Bullish
By Thursday, the stock price declined to Rs.1,012.75, down 0.78% on the day, while the Sensex gained 0.19%. Technical indicators showed a subtle shift from bullish to mildly bullish momentum. The weekly MACD turned mildly bearish, though the monthly MACD remained bullish, suggesting short-term weakness amid longer-term strength.
Other momentum indicators such as the Know Sure Thing (KST) and Dow Theory presented mixed signals, with weekly bearishness contrasting monthly optimism. Bollinger Bands indicated consolidation, and the Relative Strength Index (RSI) remained neutral, implying no immediate overbought or oversold conditions. Volume analysis showed tempered buying interest, reinforcing the cautious tone.
27 February 2026: Week Closes with Significant Decline
Friday saw the stock close at Rs.996.50, down 1.60% on the day and marking a 3.17% decline for the week. This underperformance contrasted with the Sensex’s 1.16% drop, highlighting relative weakness. Despite the decline, Bajaj Finance’s mojo score improved to 72.0 with an upgraded mojo grade of Buy, reflecting enhanced confidence in its fundamentals and technical outlook.
The stock’s large-cap status and dominant position in the NBFC sector continue to attract institutional interest, though investors are advised to monitor key support near Rs.1,000 and resistance around Rs.1,031 for signs of trend sustainability. The mixed technical signals suggest a potential consolidation phase before any decisive move.
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Daily Price Comparison: Bajaj Finance Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-23 | Rs.1,031.05 | +0.18% | 36,817.86 | +0.39% |
| 2026-02-24 | Rs.1,023.80 | -0.70% | 36,530.09 | -0.78% |
| 2026-02-25 | Rs.1,020.75 | -0.30% | 36,679.75 | +0.41% |
| 2026-02-26 | Rs.1,012.75 | -0.78% | 36,748.49 | +0.19% |
| 2026-02-27 | Rs.996.50 | -1.60% | 36,322.56 | -1.16% |
Key Takeaways
Positive Signals: Bajaj Finance demonstrated strong liquidity and trading volumes early in the week, supported by a significant surge in derivatives open interest. The MarketsMOJO upgrade to Buy reflects improved technical momentum and solid fundamentals, including a healthy ROE of 17.7% and consistent long-term growth. The stock’s large-cap status and institutional backing remain key strengths.
Cautionary Signals: Despite early strength, the stock declined 3.17% over the week, underperforming the Sensex. Delivery volumes have decreased, suggesting reduced long-term investor conviction. Mixed technical indicators, including bearish weekly MACD and KST readings, point to short-term caution. The premium valuation metrics imply sensitivity to earnings disappointments or sector headwinds.
Conclusion
Bajaj Finance Ltd’s week was marked by a complex interplay of robust early trading activity and technical upgrades, followed by a notable price decline and mixed momentum signals. While the MarketsMOJO upgrade to Buy underscores confidence in the company’s fundamentals and medium-term prospects, the recent price weakness and cautious technical indicators suggest investors should monitor developments closely. The stock’s dominant position in the NBFC sector and strong institutional interest provide a solid foundation, but near-term volatility and valuation risks remain pertinent considerations.
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