Robust Trading Volumes Highlight Investor Engagement
Bajaj Finance Ltd (symbol: BAJFINANCE) emerged as one of the most actively traded equities by value on the trading session dated 4 February 2026. The stock recorded a total traded volume of 6,841,937 shares, translating into a substantial traded value of ₹65,297.39 lakhs. This level of activity underscores strong investor participation, particularly from institutional players, as evidenced by the delivery volume on 3 February 2026 reaching 96.58 lakh shares—an 85.33% increase compared to the five-day average delivery volume.
The stock’s liquidity remains robust, with the capacity to support trade sizes up to ₹18.3 crores based on 2% of the five-day average traded value. Such liquidity is a critical factor for large institutional investors and high-frequency traders seeking to execute sizeable orders without significant market impact.
Price Movement and Technical Positioning
On the price front, Bajaj Finance opened at ₹965.0 and touched an intraday high of ₹966.0 before retreating to a low of ₹944.15, marking a 2.1% intraday decline from the previous close of ₹964.4. The last traded price (LTP) stood at ₹954.1 as of 09:45 IST, reflecting a 1.0% decrease on the day. This performance lagged behind the NBFC sector’s 0.45% gain and the Sensex’s modest 0.23% rise, signalling relative weakness in the stock amid broader market resilience.
From a technical perspective, the stock price remains above its 5-day and 20-day moving averages, indicating short-term strength. However, it continues to trade below its 50-day, 100-day, and 200-day moving averages, suggesting that medium- to long-term momentum remains subdued. This mixed technical picture may be contributing to the cautious stance among investors.
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Mojo Grade Downgrade Reflects Caution
MarketsMOJO recently downgraded Bajaj Finance Ltd’s Mojo Grade from Buy to Hold on 1 February 2026, reflecting a reassessment of the stock’s risk-reward profile. The current Mojo Score stands at 65.0, indicating moderate confidence in the stock’s near-term prospects. The downgrade was influenced by a combination of factors including valuation concerns, sector headwinds, and recent price underperformance relative to peers.
Despite the downgrade, the company retains a Market Cap Grade of 1, underscoring its status as a large-cap heavyweight with a market capitalisation of approximately ₹5,94,091.46 crores. This scale provides Bajaj Finance with a competitive advantage in terms of access to capital and market influence.
Sector and Market Context
The NBFC sector has experienced mixed performance in recent sessions, with some stocks benefiting from easing credit conditions while others face pressure from regulatory uncertainties and rising borrowing costs. Bajaj Finance’s underperformance relative to the sector’s 0.45% gain on the day suggests that investors are selectively cautious about its near-term earnings growth and asset quality.
Moreover, the Sensex’s modest 0.23% rise on the same day highlights a broadly stable market environment, with investors favouring defensive and value-oriented stocks amid ongoing macroeconomic uncertainties.
Institutional Interest and Order Flow Dynamics
The surge in delivery volume and high traded value point to significant institutional interest in Bajaj Finance. Large order flows typically indicate confidence from mutual funds, insurance companies, and foreign portfolio investors who are either accumulating or repositioning their holdings. However, the slight price decline suggests that some profit-taking or cautious repositioning may be underway.
Market participants should monitor upcoming quarterly results and macroeconomic indicators closely, as these will likely influence institutional sentiment and trading patterns in the near term.
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Investor Takeaway and Outlook
For investors, Bajaj Finance Ltd presents a nuanced opportunity. The stock’s high liquidity and institutional interest make it attractive for active traders and portfolio managers seeking exposure to a leading NBFC. However, the recent downgrade to a Hold rating and the stock’s underperformance relative to sector peers warrant a cautious approach.
Investors should weigh the company’s strong market capitalisation and short-term technical support against the broader sector challenges and valuation concerns. Monitoring delivery volumes and price action in the coming weeks will be crucial to gauge whether the current dip represents a buying opportunity or a signal of further consolidation.
Overall, Bajaj Finance remains a key bellwether for the NBFC sector, and its trading activity offers valuable insights into institutional sentiment and market dynamics in this space.
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