Bajaj Finance Shows Resilience Amid Sector Downturn with Strong Yearly Performance

Bajaj Finance, a prominent player in the Finance/NBFC sector, has shown notable activity today, outperforming its sector by 0.7%. Despite a recent decline, with the stock experiencing a -3.73% drop over the last two days, it remains a significant entity in the market, boasting a market capitalization of Rs 5,42,066.00 Cr.
The stock opened at 8650 and has maintained this price throughout the trading session. In terms of moving averages, Bajaj Finance is currently positioned higher than its 100-day and 200-day moving averages, although it is lower than its 5-day, 20-day, and 50-day averages.

The Finance/NBFC sector overall has faced a downturn, with a -2.61% decline reported. However, Bajaj Finance has demonstrated resilience, with a remarkable 32.06% increase over the past year, significantly outperforming the Sensex, which recorded a 10.24% gain in the same period. The company's P/E ratio stands at 32.94, notably higher than the industry average of 20.75, reflecting its strong market position.