Intraday Performance and Price Dynamics
On 12 Feb 2026, Bajaj Finance opened at ₹968.30 and witnessed a day’s high of ₹992.15, closing near the upper end of the range at ₹990.70. This represented a robust day-on-day gain of 2.99%, significantly outperforming the Non Banking Financial Company (NBFC) sector’s 0.54% rise and the Sensex’s decline of 0.43%. The stock has recorded consecutive gains over the past two sessions, delivering a cumulative return of 2.97% during this period.
Technical indicators reveal that the stock price remains above its 5-day, 20-day, 50-day, and 200-day moving averages, signalling short to long-term bullish momentum. However, it trades below the 100-day moving average, suggesting some resistance at intermediate levels. This mixed technical picture may be contributing to the cautious stance adopted by institutional investors.
Trading Volumes and Liquidity Insights
Bajaj Finance’s total traded volume of 49.46 lakh shares translated into a substantial traded value of ₹486.82 crores, underscoring its status as a high-value trading stock. Liquidity remains ample, with the stock supporting trade sizes up to ₹13.94 crores based on 2% of its 5-day average traded value. This liquidity profile favours both retail and institutional participants seeking sizeable exposure without significant market impact.
However, delivery volumes have shown a marked decline. On 11 Feb 2026, delivery volume stood at 20.5 lakh shares, down by 67.77% compared to the 5-day average delivery volume. This drop in investor participation could indicate profit-booking or a shift towards short-term trading strategies rather than long-term accumulation.
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Institutional Interest and Mojo Grade Revision
Bajaj Finance’s recent downgrade in its MarketsMOJO Mojo Grade from Buy to Hold on 1 Feb 2026 reflects a recalibration of expectations amid evolving fundamentals and market conditions. 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 valuation concerns and a cautious outlook on growth sustainability within the NBFC sector.
Despite this, the company retains a Market Cap Grade of 1, underscoring its status as a large-cap heavyweight with a market capitalisation of ₹6,04,327 crores. This scale provides Bajaj Finance with a competitive advantage in terms of resource access and market influence.
Sectoral and Market Context
The NBFC sector has experienced mixed performance recently, with some stocks facing headwinds due to tightening credit conditions and regulatory scrutiny. Bajaj Finance’s outperformance relative to its sector peers by 2.19% on the day highlights its resilience and investor preference amid sectoral volatility. However, the decline in delivery volumes suggests that some investors may be adopting a wait-and-watch approach, balancing optimism with caution.
Comparatively, the Sensex’s marginal decline of 0.43% on the same day indicates broader market pressures, possibly stemming from macroeconomic concerns or global cues. Bajaj Finance’s ability to buck this trend and deliver positive returns is noteworthy and may attract selective buying interest from value-conscious investors.
Valuation and Quality Assessment
While detailed financial metrics are not disclosed here, the Mojo Score and Grade provide a composite assessment of Bajaj Finance’s quality, valuation, and momentum factors. The Hold rating suggests that the stock is fairly valued at current levels, with limited upside potential in the immediate term. Investors are advised to monitor upcoming quarterly results and sector developments closely to reassess the stock’s trajectory.
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Outlook and Investor Considerations
Given the current trading activity and institutional signals, Bajaj Finance remains a key stock to watch within the NBFC space. Its strong liquidity and market capitalisation make it a preferred choice for large investors, although the recent downgrade and declining delivery volumes warrant a measured approach.
Investors should weigh the stock’s recent outperformance against sectoral headwinds and valuation metrics. Those with a medium to long-term horizon may consider accumulating on dips, while short-term traders could capitalise on intraday volatility and momentum signals.
Monitoring upcoming corporate announcements, credit growth data, and regulatory developments will be crucial in assessing Bajaj Finance’s ability to sustain its leadership position and deliver shareholder value.
Summary
Bajaj Finance Ltd’s high-value trading activity on 12 Feb 2026 underscores its continued prominence in the Indian equity market. Despite a cautious Mojo Grade revision, the stock’s outperformance relative to sector and benchmark indices highlights investor confidence. Liquidity remains robust, although falling delivery volumes suggest a nuanced investor stance. Market participants should remain vigilant to evolving fundamentals and sector dynamics when considering exposure to this NBFC giant.
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