Live Updates: Bajaj Finance Share Price Today Drops Amid Market Volatility

Bajaj Finance, one of India’s leading financial services companies, experienced a rollercoaster ride in the stock market today. On the last day of trading, Bajaj Finance opened at ₹7330, reached a high of ₹7362.95, and a low of ₹7129.35, before closing at ₹7327.7. The market capitalization stood at ₹450768.85 crore, with a 52-week high of ₹8190 and a low of ₹5878. Despite gains in its peers like Power Finance Corp, Cholamandalam Investment & Finance Company, Shriram Finance, and SBI Cards & Payment Services, Bajaj Finance’s share price dropped by -6.57% to ₹6815.

The futures trading for Bajaj Finance indicated a potential downward price movement, with a decrease in futures price and an increase in open interest. The stock was trading at ₹6888.65, down -5.56% from yesterday’s closing price of ₹7293.9, crossing the key daily support level of ₹6918.83, indicating significant selling pressure.

Analysts rated Bajaj Finance as a Buy, with a median price target of ₹8705.0, 19.35% higher than the current market price. The stock volume yesterday was lower than the 20-day average, suggesting a decrease in trading activity. Despite the fluctuations, the technical trend suggests a bullish near-term outlook for Bajaj Finance.

Investors and traders are advised to closely monitor the stock’s performance and market trends to make informed decisions in the dynamic financial landscape.