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Bajaj Finance share price | Latest News 2022

Bajaj Finance share price | Latest News 2022

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Two companies of Bajaj Group made a big flight in the stock market on Thursday. There was a huge jump in the shares of Bajaj Finance and Bajaj Finserv. Shares of Bajaj Finance jumped Rs 669 in a single day. With this the market cap of the company exceeded that of LIC.

New Delhi: The shares of Bajaj Group’s company Bajaj Finance rose nearly 11 per cent on Thursday. The company’s stock jumped after record profits in the June quarter of the current financial year. Shares of Bajaj Finance closed at Rs 7,076.30, up 10.68 per cent on the BSE.

during the day’s trading

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It had climbed up to 11.15 per cent during the day’s trading. At the same time, the company’s shares closed at Rs 7,065.50, up 10.46 per cent, or Rs 669, on the National Stock Exchange. The company’s market valuation has increased by Rs 49,430.89 crore to Rs 4,28,419.89 crore on the BSE during the last two days.

With this, Bajaj Finance has become the eighth largest company in the country by market cap. It has also left behind the country’s largest insurance company LIC. Bajaj Finance on Wednesday released its June quarter results. During this period, the company’s profit increased by 159 percent to Rs 2,596 crore. It was Rs 1002 crore in the same quarter last year. Experts say that the company’s stock can go up to Rs 7,600.

Apart from this, the share of Bajaj Finserv also closed at Rs 14,652.30, up by 10.14 per cent on BSE. During trading, it had climbed up to 11.08 percent. The company’s stock also closed at Rs 14,650, up 10.09 per cent on the NSE.

market valuation of Bajaj Finserv

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With this, the market valuation of Bajaj Finserv rose by Rs 21,681.19 crore to Rs 2,33,383.19 crore on the BSE. Experts say that the company’s stock can reach the level of Rs 15,400.

LIC has slipped to number nine with a market cap of Rs 426,842.47 crore. The company’s market cap has fallen by Rs 1.21 lakh since its listing in May.

When LIC was listed, it was the sixth most valuable company in the country, but due to the continuous fall in the shares, it has now slipped to the ninth position. The issue price of the company was Rs 949 which has now come down to Rs 674.85.

LIC holds four per cent

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It is among the top three worst performing stocks among the listed stocks this year. LIC holds four per cent in the entire equity market and two per cent in the bond market. So whenever there is a change in the market or bond yields, it affects LIC.

New Delhi: HAL is also one of the top trending stocks of Nifty-500 stocks at this time. The stock has risen over 4% in early trade on Thursday amid strong buying in the market. With this the stock has touched a new high of Rs 2025.

The MACD histogram is also
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The stock is trading close to its highest level. It has formed a series of higher highs and higher lows on the technical charts. This shows its strong uptrend. Moreover, it has jumped over 16% in just 9 trading sessions. It has also recorded above average volumes during this period and showed strong buying at lower levels.

On the technical side, the stock has good strength. ADX is pointing to (25.12) and is showing strength. While the 14-period daily RSI (74.83) also indicates good strength in the stock.

The MACD histogram is also rising steadily and is showing no downside in the bullish trend. OBV is also high, which is positive for the stock. Overall, the stock is technically sound and we can expect it to trade higher in the coming times.

Reed Also देश-दुनिया की खबरें, आपके शहर का हाल, एजुकेशन और बिज़नेस अपडेट्स, फिल्म 

Reed Also फिल्म हीरोपंती (2014), जिसने हिंदी सिनेमा में उनकी पहली परियोजना को चिह्नित किया।

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