Robust Trading Volumes and Value
On 20 Jan 2026, Bajaj Finance Ltd (symbol: BAJFINANCE) recorded a total traded volume of 21,37,329 shares, translating into a substantial traded value of approximately ₹203.48 crores. This level of activity places the stock among the most actively traded equities by value on the day, underscoring its prominence in investor portfolios and market interest.
The stock opened at ₹975.70, reaching an intraday high of the same level before retreating to a low of ₹938.85. The last traded price (LTP) stood at ₹944.90 as of 09:44 IST, reflecting a decline of 2.94% from the previous close of ₹969.45. This drop marks a reversal after two consecutive days of gains, signalling a short-term correction in the stock’s price trajectory.
Price Performance Relative to Benchmarks
Bajaj Finance underperformed its sector, the NBFC space, which declined by 1.24% on the same day. The stock’s 1-day return of -2.57% also lagged behind the broader Sensex index, which fell by 0.50%. This relative underperformance highlights the stock’s sensitivity to sector-specific and company-level factors amid the current market environment.
Notably, the weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure and a cautious stance among investors. The stock is currently trading below all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – signalling a bearish trend in the short to medium term.
Institutional Interest and Liquidity Considerations
Investor participation, as measured by delivery volume, showed a slight decline. On 19 Jan 2026, the delivery volume was 43.11 lakh shares, down by 3.06% compared to the 5-day average delivery volume. This dip may indicate a temporary pullback by long-term holders or a shift in trading strategies among institutional investors.
Liquidity remains robust, with the stock’s traded value representing approximately 2% of its 5-day average traded value. This liquidity level supports sizeable trade sizes, estimated at around ₹13.76 crores, facilitating efficient execution for large institutional orders without significant market impact.
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Mojo Score and Rating Update
Bajaj Finance currently holds a Mojo Score of 71.0, reflecting a strong buy recommendation, albeit with a recent downgrade from a previous “Strong Buy” grade on 21 Jan 2025. This adjustment suggests a more cautious outlook by analysts, possibly influenced by the recent price weakness and sector headwinds.
The company’s market capitalisation stands at a commanding ₹5,87,744.52 crores, categorising it as a large-cap stock with a Market Cap Grade of 1. This scale underpins its importance in portfolios and its influence on sectoral indices.
Technical and Trend Analysis
The stock’s current trading below all major moving averages indicates a bearish technical setup. The break below the 5-day and 20-day averages is particularly significant, as these are often used by traders to gauge short-term momentum. The 50-day and longer-term averages being above the current price further reinforce the downtrend.
Additionally, the fall in delivery volume suggests reduced conviction among investors holding shares for the long term, which could exacerbate volatility in the near term. However, the high liquidity and large order flow capacity provide a cushion for institutional investors to adjust positions without excessive price disruption.
Sectoral Context and Market Sentiment
The NBFC sector has faced mixed sentiments recently, with concerns over credit growth moderation and regulatory scrutiny impacting valuations. Bajaj Finance, as a leading NBFC, is not immune to these pressures, though its diversified product portfolio and strong brand equity continue to support investor interest.
Market participants are closely watching the company’s quarterly earnings and asset quality metrics, which will be critical in shaping the stock’s medium-term outlook. Any signs of improvement in loan disbursements or asset quality could trigger a positive re-rating.
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Outlook and Investor Considerations
For investors, Bajaj Finance presents a nuanced opportunity. The current price correction and technical weakness may offer an entry point for those with a medium to long-term horizon, given the company’s dominant market position and strong fundamentals. However, caution is warranted due to the ongoing sectoral challenges and the stock’s recent underperformance relative to benchmarks.
Institutional investors will likely continue to monitor liquidity and order flow closely, balancing portfolio allocations amid broader market volatility. The stock’s ability to sustain above key support levels and regain momentum above moving averages will be critical signals for renewed buying interest.
In summary, Bajaj Finance remains a high-value trading stock with significant institutional interest, but the near-term price action suggests a period of consolidation and selective participation.
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