Bajaj Finserv Achieves 52-Week High Amid Strong Market Performance and Growth Trends

Bajaj Finserv has made headlines today as its stock price reached a new 52-week high of Rs. 2036, marking a significant milestone for the finance and non-banking financial company (NBFC). This achievement comes amid a broader market rally, with the Sensex climbing 1.96% after a flat opening. Bajaj Finserv has outperformed its sector by 1.49%, showcasing its strong market position.
The stock has shown impressive momentum, gaining for four consecutive days and delivering a total return of 6.92% during this period. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust technical trend. Over the past year, Bajaj Finserv has delivered a remarkable return of 25.51%, significantly outpacing the Sensex's 7.69% performance.

Financially, the company has demonstrated strong fundamentals, with net sales for the first nine months reaching Rs. 97,225.48 crore, reflecting a growth of 24.11%. Additionally, it has reported positive results for the last 12 consecutive quarters, further solidifying its position in the market. With a solid return on equity of 12.30%, Bajaj Finserv continues to be a key player in the finance sector.