Bajaj Finance Ltd Sees Robust Trading Activity Amid Mixed Institutional Sentiment

Trading Activity and Price Movement

On 23 February 2026, Bajaj Finance Ltd (symbol: BAJFINANCE) recorded a total traded volume of 7,739,985 shares, translating into a substantial traded value of ₹804.45 crore. The stock opened at ₹1,032.45, touched a high of ₹1,046.00, and a low of ₹1,031.95 before settling at ₹1,038.80 by 13:24 IST. This closing price represents a modest gain of 0.67% over the previous close of ₹1,030.20.

Notably, Bajaj Finance outperformed its NBFC sector peers by 0.44% on the day, with the sector itself rising 0.40%, while the broader Sensex gained 0.33%. The stock has been on a positive trajectory for two consecutive days, delivering a cumulative return of 2.13% during this period.

Technical Strength and Moving Averages

From a technical standpoint, Bajaj Finance is trading above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment suggests sustained bullish momentum and investor confidence in the stock’s medium to long-term prospects. However, it is important to note a decline in investor participation, as delivery volume on 20 February fell by 26.05% to 51.92 lakh shares compared to the five-day average, indicating some caution among long-term holders.

Institutional Interest and Liquidity

The stock’s liquidity remains robust, with the traded value comfortably supporting trade sizes up to ₹12.83 crore based on 2% of the five-day average traded value. This level of liquidity is attractive for institutional investors and large traders seeking to execute sizeable orders without significant market impact.

Bajaj Finance’s market capitalisation stands at an impressive ₹6,43,965 crore, categorising it as a large-cap stock with a Market Cap Grade of 1. Despite the recent downgrade in its Mojo Grade from Buy to Hold on 1 February 2026, the company maintains a Mojo Score of 65.0, reflecting a balanced view of its fundamentals and market positioning.

Fundamental Analysis and Market Sentiment

Bajaj Finance Ltd operates within the NBFC sector, which has been under scrutiny due to regulatory changes and macroeconomic pressures. Despite these headwinds, the company’s large-cap status and strong market presence have helped it maintain investor interest. The downgrade in Mojo Grade from Buy to Hold reflects a cautious stance, possibly due to valuation concerns or evolving sector dynamics.

Nevertheless, the company’s ability to outperform the sector and maintain upward price momentum over multiple days indicates resilience. Investors should weigh the current valuation against growth prospects and sector risks before making allocation decisions.

Order Flow and Market Depth

The high value turnover and substantial traded volume suggest active participation from both retail and institutional investors. Large order flows typically indicate confidence in the stock’s near-term performance, while the stock’s liquidity profile supports efficient execution of sizeable trades. This dynamic is crucial for portfolio managers and traders looking to capitalise on momentum without incurring excessive slippage.

Comparative Performance and Outlook

When benchmarked against the Sensex and the NBFC sector, Bajaj Finance’s recent outperformance is noteworthy. The stock’s 0.80% one-day return surpasses the sector’s 0.40% and the Sensex’s 0.33%, underscoring its relative strength. This performance is supported by the company’s strong fundamentals, market leadership, and sustained investor interest.

However, the downgrade in Mojo Grade signals that investors should remain vigilant. The Hold rating suggests that while the stock remains a core portfolio holding, it may not offer the same upside potential as before. Market participants should monitor upcoming quarterly results, regulatory developments, and macroeconomic indicators that could influence the NBFC sector’s trajectory.

Conclusion

Bajaj Finance Ltd continues to command significant attention in the equity markets, driven by high value trading and institutional participation. Its large market capitalisation, robust liquidity, and technical strength provide a solid foundation for investors. Yet, the recent moderation in rating and falling delivery volumes highlight the need for a balanced approach.

Investors are advised to consider Bajaj Finance as a stable NBFC large-cap holding with moderate upside potential, while also exploring alternative opportunities within the sector and broader market to optimise portfolio returns.

Limited Period Only. Start at Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Get 71% Off →