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BAJFINANCE - Bajaj Finance News Story

₹3243.85 -59.2  -1.8%

Last Trade - 11:29am

Sector
Financials
Size
Large Cap
Market Cap £21.04bn
Enterprise Value £32.39bn
Revenue £2.89bn
Position in Universe 12th / 3010

BUZZ-India's Bajaj Finance hits record high; technicals suggest more upside

Wed 20th June, 2018 7:07am
** India's largest consumer finance company by market-cap,
Bajaj Finance Ltd  BJFN.NS , rises as much as 1.39 pct to a
record of 2,302.1 rupees
    ** Stock breaks above a resistance at 2,268.5 rupees, the
61.8 pct Fibonacci projection level of the uptrend from Dec 22,
2016 low to Sep 9, 2017 high https://reut.rs/2K1FISA
    ** Breakout suggests that stock may now move towards the
next resistance at 2,447.4 rupees, the 76.4 pct projection level
    ** Price volume trend, also at a record high, supports the
price move
    ** Trend Intensity (TI) indicator rises to 33, suggests
stock is in a strong uptrend
    ** MACD is positive and above its signal line
    ** With 29.25 pct gains this year as of Tuesday's close,
Bajaj Finance is the third biggest pct gainer among NSE Index
 .NSEI  companies; Tech Mahindra  TEML.NS  and TCS  TCS.NS , up
38 pct and 35 pct, are the top gainers
       

 (Reporting by Gaurav Dogra)
 ((gaurav.dogra@thomsonreuters.com;))
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