Overview

• Bajaj Finance stock traded in a narrow range on December 24 but stayed above key moving averages of 50-day, 100-day, and 200-day levels.

• Heavy put option activity near Rs. 1,020 suggests hedging rather than outright bearish positioning.

• Strong volumes, delivery buying, and expert views continue to support the bullish outlook for Bajaj Finance share price.

Bajaj Finance share price showed strength at press time despite heightened activity in the derivatives market. The stock opened at Rs. 1,011 and touched an intraday high of Rs. 1,037.40 and a low of Rs. 1,010. At the time of writing, Bajaj Finance continued to hover close to key technical levels, supported by strong volumes and delivery-based buying. The stock movement reflects a balance between short-term caution and underlying bullish sentiment. Here’s an in-depth Bajaj share price analysis based on Moneycontrol data. 

Current Performance

Bajaj Finance share price was in focus. Over 40 lakh company shares changed hands at a traded value of Rs. 40,941 lakh. The volume, while slightly below the 20-day average, still highlighted sustained investor participation. The stock’s VWAP of Rs. 1,029 suggested buying interest at higher levels, even as some traders remained cautious ahead of derivatives expiry.

Bajaj Finance share price chart on Moneycontrol showed gains of 0.85% at press time:

Put Option Activity Draws Attention

Bajaj Finance emerged as the most actively traded stock in the put options segment, with significant concentration around the 1,020 strike price for the December 30 expiry. The strong put volumes indicate that a section of market participants is hedging against potential short-term volatility or mild downside risk. Open interest levels suggest these positions are being carried forward rather than unwound quickly.

However, the presence of heavy put activity does not necessarily signal a bearish outlook. With the stock trading above the 1,020 level for most of the session, the options data may reflect protective strategies rather than outright negative bets.

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Technical Strength Supports the Trend

Bajaj Finance shares were trading above its short-term and long-term moving averages, including the 50-day, 100-day, and 200-day levels. This positioning often points to sustained upward momentum and confidence among medium to long-term investors.

The share price is giving a cumulative rise of nearly 2.7%  over the last two sessions. It has also outperformed the broader market as well as the NBFC sector. This relative strength highlights the company’s strong leadership within the sector.

Fundamentals and Valuation Snapshot

Bajaj Finance remains one of India’s largest NBFCs, with a market capitalisation of over Rs. 6.3 lakh crore. The company’s trailing twelve-month earnings per share stood at Rs. 29.41, reflecting healthy year-on-year growth of over 19%. The stock was trading at a price-to-earnings ratio of 34.77.

Despite the recent rally, valuations are reasonable, given the company’s growth prospects. The company offers stability through consistent dividends, with a dividend yield of 2.74 %. Thus, making it attractive to long-term investors seeking both growth and income.

Expert View and Sector Outlook

Market expert Deven Choksey, in a CNBC TV18 interview, has shown a bullish stance on the NBFC space. He highlighted favourable economic conditions and strong consumer demand. Choksey has identified Bajaj Finance stock as a long-term opportunity, citing its business model, scale, and ability to navigate sector volatility. According to him, larger NBFCs with consumer-focused portfolios are well-positioned to gain in the coming months.

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Outlook

Bajaj Finance share price movement today reflects cautious optimism among investors. Options data suggests some near-term risk management. However, solid fundamentals and analysts’ positive views continue to support the broader bullish narrative. Investors should keep an eye on derivatives positioning and price behaviour as the expiry approaches.

FAQs

1. Why was Bajaj Finance in focus today?

Bajaj Finance attracted attention due to unusually high put option activity around the Rs. 1,020 strike price. At the same time, the stock price showed strength above key technical levels, which created interest among both traders and long-term investors.

2. Is Baja Finance stock bearish?

Although the stock saw high put activity, its important to remember that put options are often used as a safety measure to protect profits. They hedge against short-term volatility. Since Bajaj Finance traded above the Rs. 1,020 level, the activity likely reflects cautious risk management rather than a bearish stance.

3. How did Bajaj Finance perform compared to the broader market?

The stock outperformed both the broader indices and NBFC sector. It gained over the last two sessions and delivered stronger returns than Sensex and sector peers. Hence, highlighting continued investor confidence despite mixed market conditions.

4. What do the technical indicators suggest for Bajaj Finance?

Bajaj Finance is trading above its short-term and long-term moving averages, including the 50-day and 200-day levels. This signals a positive trend and suggests that buyers are still in control of the stock’s direction.

5. What is the long-term view on Bajaj Finance?

Market experts remain positive on the stock due to its strong consumer-focused business, scale, and balance sheet strength. While short-term volatility may persist, the company is set to benefit from improving economic and credit conditions.