Bajaj Finserv Stock Sees Dip, But Experts Give 'Buy' Call and Outperforms Sensex

Bajaj Finserv, a leading finance and non-banking financial company (NBFC), has recently seen a dip in its stock price. On October 21, 2024, the company's stock lost -3.05%, underperforming the sector by -2.24%. However, despite this recent decline, experts at MarketsMOJO have given a 'Buy' call for Bajaj Finserv. The stock's performance today was also lower than the sector by -2.24%, with an intraday low of Rs 1763.35 (-3.17%). However, the stock's moving averages are still higher than the 100 day and 200 day moving averages, indicating a positive trend in the long term. On the other hand, the stock is currently lower than the 5 day, 20 day, and 50 day moving averages, suggesting a short term decline. In comparison to the Sensex, Bajaj Finserv's 1 day performance was -3.30%, while the Sensex's performance was 0.09%. Similarly, in the past month, Bajaj Finserv's performance was -8.14%, while the Sensex's performance was -3.84%. This shows that despite the recent dip in stock price, Bajaj Finserv has still outperformed the Sensex in both short and long term periods. Bajaj Finserv is a largecap company in the finance and NBFC industry, with a strong track record and a positive outlook. With a 'Buy' call from MarketsMOJO and a history of outperforming the market, Bajaj Finserv is a promising investment option for those looking to invest in the finance sector.