New Delhi: Stock market experts have advised investors to not buy shares of Non Banking Financial Companies (NBFCs) Bajaj Finserv and Bajaj Finance after the twin companies reported lower than expected June quarter results of the financial year 2024-25 (FY25). On Thursday, Bajaj Finance share price and Bajaj Finserv share price opened in red on the Bombay Stock Exchange (BSE).
Bajaj Finserv Share Price Target
Research analyst Nitilesh Pawaskar has initiated sell call on Bajaj Finserv after the NBFC failed to cheer investors in its Q1 Results 2024. Pawaskar said those having position in the stock should exit as it is unable to sustain above Rs 1,600 levels. According to him, investors should wait for correction. The research analyst added that “Once the stock starts trading above Rs 1,600 levels then only investors may look to buy Bajaj Finserv.” On Thursday, the BFL share price opened at Rs 1,569 apiece on the BSE.
Bajaj Finserv Share Price History
The NBFC stock is down 1.12 per cent in the past five days
Bajaj Finserv Share Price has fallen 2.77 per cent in the past six months
The scrip is down 3.87 per cent in the past one year
Bajaj Finance Share Price Target
On Thursday, Bajaj Finance Share Price opened at Rs 6,587 on the bourse. According to Pawaskar, if the NBFC stock breaks Rs 6,200 levels, then, it can further slide downwards. While, on the other side of the spectrum, the technical analyst thinks Bajaj Finance support level is at Rs 6,300-6,400. He said, “The stock finds strong support in this range. Investors can try to buy at this level and keep Bajaj Finance stop loss at Rs 100-125 lower levels than this range.”
Bajaj Finance Share Price History
The scrip has plummetted 5.50 per cent in the past five days
Bajaj Finance Share Price has fallen 6.50 per cent in the past 30 days
The NBFC stock is down 6.64 per cent in last six months
The stock has given negative returns of 13.04 per cent in the past one year
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Research analyst Nitilesh Pawaskar finds Bajaj Finance support level at Rs 6,300-6,400. While, he has advised investors not to buy Bajaj Finserv at current prices. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
