Bajaj Finance Stock Nears 52-Week High with 39.29% Annual Growth

Bajaj Finance, a prominent player in the Non-Banking Financial Company (NBFC) sector, continues to showcase robust performance metrics. Currently, the stock is trading just 1.09% away from its 52-week high of Rs 1,035.95, reflecting strong market positioning. Over the past five days, Bajaj Finance has demonstrated a notable upward trend, gaining 3.76% during this period.
The stock opened at Rs 1,024.75 and has maintained this price level throughout the trading session. Notably, Bajaj Finance is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive momentum in its price trajectory.

In terms of performance, Bajaj Finance has outperformed the Sensex significantly over various time frames. The stock has delivered a remarkable 39.29% return over the past year, compared to the Sensex's modest 0.40%. Year-to-date, Bajaj Finance has achieved a 49.05% increase, while the Sensex has only risen by 4.67%. With a market capitalization of Rs 6,33,448.65 crore and a P/E ratio of 36.53, Bajaj Finance remains a key player in the financial landscape.