Bajaj Finance Sees High Trading Volume Amid Sector Underperformance and Trend Reversal

Bajaj Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has emerged as one of the most active equities today, with a total traded volume of 9,694,738 shares and a total traded value of approximately Rs 93,599.79 lakhs. The stock opened at Rs 954.00 and reached a day high of Rs 970.95, while the day low was Rs 953.65. As of the latest update, the last traded price (LTP) stands at Rs 968.00.
Despite today's activity, Bajaj Finance has underperformed its sector, recording a 1D return of -0.77%, compared to the sector's -0.14% and the Sensex's -0.13%. Notably, the stock is currently trading close to its 52-week high, just 1.69% away from Rs 978.80. After five consecutive days of gains, the stock has experienced a trend reversal.

Bajaj Finance continues to show strength in its moving averages, trading above the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the delivery volume of 5,329,000 shares on July 23 has increased by 78.75% compared to the 5-day average, indicating rising investor participation. With a market capitalization of Rs 5,97,068.65 crore, Bajaj Finance remains a liquid stock, suitable for trades of Rs 13.29 crore based on 2% of the 5-day average traded value. Overall, the stock's performance today reflects a complex interplay of market dynamics.