Price & Technical Structure
- The stock has shown positive short-term returns, with a 3-month return of 11.60%.
- The trend is currently bullish, indicated by a trend alignment score of 3 and the price being above the 50-day EMA.
- Momentum is strong, with an RSI of 64.53 and a bullish MACD signal.
- Volatility is moderate, with the price positioned at 87.3% of the Bollinger Bands' width.
- The stock is trading 11.62% below its 52-week high, with a current drawdown of -11.62%.
The stock exhibits a bullish technical profile, characterized by positive short-term returns and a strong upward trend supported by EMAs and a bullish MACD. Momentum indicators like RSI are in the favorable zone. While the price is approaching the upper Bollinger Band, indicating some upward pressure, it remains significantly below its 52-week high, suggesting potential for further upside. The volume action does not show strong conviction at this moment.
Weekly Momentum
- The stock price increased by 4.57% this week, continuing a positive trend for the second consecutive week, driven by strengthening technical indicators and positive analyst sentiment.
- Technical indicators show a strengthening upward trend, with the RSI rising to 62.56 and a bullish MACD crossover occurring, suggesting increased buying pressure.
- The company announced the allotment of Non-Convertible Debentures (NCDs) totaling approximately Rs 5,960.55 crore across two separate issuances, indicating ongoing financing activities.
- Fundamentals remain strong with an 18.1% YoY revenue increase and a 22.2% YoY net profit surge in the March 2026 quarter, though valuation multiples are at 35.3x PE and 5.8x PB.
- The financial sector is experiencing positive sentiment, with analysts favoring large NBFCs due to easing borrowing costs and healthy credit growth, though with a preference for private sector banks.
Bajaj Finance's stock has shown a positive trajectory this week, supported by strong technical signals and favorable analyst sentiment within the broader financial sector. The company continues its financing activities through NCD issuances. While recent quarterly results demonstrate robust growth, the current valuation multiples suggest the stock is trading at a premium. The overall technical picture indicates strengthening momentum, but the rising volatility warrants attention.
Quarterly Analysis
Net Profit rose to ₹5,553.3 Crores (+36.6% QoQ, +22.2% YoY), indicating strong profit growth.
Revenue from operations increased to ₹21,605.79 Crores (+1.85% QoQ, +17.1% YoY), showing a combination of recent momentum and structural expansion.
Employee Benefit Expense increased to ₹2,471.38 Crores (+9.83% QoQ, +27.2% YoY), reflecting higher operational costs.
Finance Costs were ₹7,398.28 Crores (+0.81% QoQ, +12.9% YoY), indicating a slight sequential increase and a more substantial year-over-year rise.
Tax Expense rose to ₹1,856.54 Crores (+36.0% QoQ, +68.5% YoY), showing a significant increase in tax obligations.
The company demonstrated strong profit growth outpacing revenue growth, supported by significant balance sheet expansion. This indicates a quarter where profitability saw substantial gains, driven by both revenue increases and managed expenses, alongside a growing operational scale.
The company reported a strong quarter with significant profit growth. Net Profit increased by 36.6% QoQ to ₹5,553.3 Crores. This growth was also evident year-over-year, with Net Profit rising by 22.2% to ₹5,553.3 Crores.
Revenue from operations showed moderate sequential growth and strong year-over-year expansion. Revenue grew 1.85% QoQ to ₹21,605.79 Crores. On a year-over-year basis, Revenue increased by 17.1% to ₹21,605.79 Crores.
Expenses saw increases across employee benefits, finance costs, and taxes. Employee Benefit Expense increased by 9.83% QoQ and 27.2% YoY to ₹2,471.38 Crores. Finance Costs increased by 0.81% QoQ and 12.9% YoY to ₹7,398.28 Crores. Tax Expense increased substantially by 36.0% QoQ and 68.5% YoY to ₹1,856.54 Crores.
The balance sheet expanded significantly. Total Assets increased by 20.1% YoY to ₹559,952.36 Crores as of March 31, 2026. Liabilities also grew, increasing by 20.6% YoY to ₹442,966.82 Crores as of March 31, 2026. Borrowings increased by 29.2% YoY to ₹170,642.53 Crores as of March 31, 2026.