Bajaj Finance climbs on Friday, yet lags behind the market.

February 16, 2024
1 min read

TITLE: TLDR: Bajaj Finance Rises Friday, Still Underperforms Market

Key Points:

  • Bajaj Finance Ltd. shares rise by 0.02% to 6,621.25 Indian rupees on Friday.
  • The stock market overall performs well, with the S&P BSE Sensex Index rising by 0.52%.
  • Bajaj Finance lags behind its competitors, including Mahindra & Mahindra Financial Services Ltd., which rose by 1.06% on Friday.
  • Trading volume exceeded the 50-day average volume.

Bajaj Finance Ltd. saw a minimal increase in its stock price on Friday, rising by 0.02% to reach 6,621.25 Indian rupees. This, however, paled in comparison to the overall positive performance of the stock market, as the S&P BSE Sensex Index rose by 0.52% to 72,426.64. Although Bajaj Finance closed 1,568.75 rupees shy of its 52-week high of 8,190.00 rupees, which it achieved on October 6, it underperformed in comparison to some of its competitors. For example, Mahindra & Mahindra Financial Services Ltd. saw a 1.06% increase in its stock price to reach 289.50 rupees on Friday. The trading volume for Bajaj Finance (89,462) surpassed its 50-day average volume of 57,129.

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