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Bajaj Finance Limited
Buy, Hold or Sell?

Let's analyse Bajaj Finance Limited together

PenkeI guess you are interested in Bajaj Finance Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Bajaj Finance Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Bajaj Finance Limited (30 sec.)










What can you expect buying and holding a share of Bajaj Finance Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.94
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR881.62
Expected worth in 1 year
INR1,572.97
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR769.62
Return On Investment
10.6%

For what price can you sell your share?

Current Price per Share
INR7,245.25
Expected price per share
INR5,936 - INR8,192
How sure are you?
50%

1. Valuation of Bajaj Finance Limited (5 min.)




Live pricePrice per Share (EOD)

INR7,245.25

Intrinsic Value Per Share

INR-6,869.95 - INR-5,525.71

Total Value Per Share

INR-5,988.33 - INR-4,644.09

2. Growth of Bajaj Finance Limited (5 min.)




Is Bajaj Finance Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$6.5b$5.2b$1.2b19.6%

How much money is Bajaj Finance Limited making?

Current yearPrevious yearGrowGrow %
Making money$1.3b$843.3m$537.5m38.9%
Net Profit Margin42.7%34.9%--

How much money comes from the company's main activities?

3. Financial Health of Bajaj Finance Limited (5 min.)




4. Comparing to competitors in the Credit Services industry (5 min.)




  Industry Rankings (Credit Services)  


Richest
#16 / 256

Most Revenue
#11 / 256

Most Profit
#6 / 256

What can you expect buying and holding a share of Bajaj Finance Limited? (5 min.)

Welcome investor! Bajaj Finance Limited's management wants to use your money to grow the business. In return you get a share of Bajaj Finance Limited.

What can you expect buying and holding a share of Bajaj Finance Limited?

First you should know what it really means to hold a share of Bajaj Finance Limited. And how you can make/lose money.

Speculation

The Price per Share of Bajaj Finance Limited is INR7,245. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Bajaj Finance Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Bajaj Finance Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR881.62. Based on the TTM, the Book Value Change Per Share is INR172.84 per quarter. Based on the YOY, the Book Value Change Per Share is INR110.17 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR19.57 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Bajaj Finance Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps2.240.0%2.240.0%1.370.0%1.250.0%0.770.0%
Usd Book Value Change Per Share2.070.0%2.070.0%1.320.0%1.470.0%0.990.0%
Usd Dividend Per Share0.230.0%0.230.0%0.120.0%0.120.0%0.070.0%
Usd Total Gains Per Share2.310.0%2.310.0%1.440.0%1.590.0%1.060.0%
Usd Price Per Share67.40-67.40-87.12-55.84-39.14-
Price to Earnings Ratio30.10-30.10-63.71-47.67-70.62-
Price-to-Total Gains Ratio29.19-29.19-60.53-44.82-56.94-
Price to Book Ratio6.37-6.37-10.24-7.78-12.20-
Price-to-Total Gains Ratio29.19-29.19-60.53-44.82-56.94-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share86.943
Number of shares11
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.230.12
Usd Book Value Change Per Share2.071.47
Usd Total Gains Per Share2.311.59
Gains per Quarter (11 shares)25.4017.47
Gains per Year (11 shares)101.5969.88
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
110919256560
22118319410130130
33127429615194200
44136539820259270
55245650026324340
66254860231389410
77263970436453480
88373080641518550
99382190846583620
10103913101051648690

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.00.0100.0%

Fundamentals of Bajaj Finance Limited

About Bajaj Finance Limited

Bajaj Finance Limited operates as a deposit-taking non-banking financial company in India. The company offers consumer finance, which includes durable, lifestyle, digital product, EMI card, two and three wheeler, personal loan, loan against fixed deposit, extended warranty, home and gold loans, retail EMI, retailer finance, e-commerce, and co-branded credit card and wallets. It also provides SME finance; and loan against property and shares, lease rental discounting, business and professional loans, working capital loans, and developer and used car finance. In addition, the company offer commercial lending, such as short-term and flexible loan solutions; vendor financing including large value lease rental discounting, loans against securities, financial institution lending, light engineering and corporate finance, and warehouse financing; investment services in fixed deposit and mutual funds; and partnership and services comprising insurance services. Bajaj Finance Limited was formerly known as Bajaj Auto Finance Limited. The company was incorporated in 1987 and is based in Pune, India. Bajaj Finance Limited operates as a subsidiary of Bajaj Finserv Ltd.

Fundamental data was last updated by Penke on 2024-03-23 07:01:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Bajaj Finance Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Bajaj Finance Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Bajaj Finance Limited to the Credit Services industry mean.
  • A Net Profit Margin of 42.7% means that ₹0.43 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Bajaj Finance Limited:

  • The MRQ is 42.7%. The company is making a huge profit. +2
  • The TTM is 42.7%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ42.7%TTM42.7%0.0%
TTM42.7%YOY34.9%+7.8%
TTM42.7%5Y34.8%+7.9%
5Y34.8%10Y30.9%+3.9%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ42.7%13.1%+29.6%
TTM42.7%14.3%+28.4%
YOY34.9%18.4%+16.5%
5Y34.8%16.5%+18.3%
10Y30.9%15.8%+15.1%
1.1.2. Return on Assets

Shows how efficient Bajaj Finance Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Bajaj Finance Limited to the Credit Services industry mean.
  • 4.2% Return on Assets means that Bajaj Finance Limited generated ₹0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Bajaj Finance Limited:

  • The MRQ is 4.2%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.2%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.2%TTM4.2%0.0%
TTM4.2%YOY3.3%+0.9%
TTM4.2%5Y3.3%+0.9%
5Y3.3%10Y3.1%+0.2%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ4.2%0.8%+3.4%
TTM4.2%0.9%+3.3%
YOY3.3%0.9%+2.4%
5Y3.3%0.8%+2.5%
10Y3.1%0.8%+2.3%
1.1.3. Return on Equity

Shows how efficient Bajaj Finance Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Bajaj Finance Limited to the Credit Services industry mean.
  • 21.2% Return on Equity means Bajaj Finance Limited generated ₹0.21 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Bajaj Finance Limited:

  • The MRQ is 21.2%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 21.2%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ21.2%TTM21.2%0.0%
TTM21.2%YOY16.1%+5.1%
TTM21.2%5Y17.2%+4.0%
5Y17.2%10Y17.5%-0.3%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ21.2%3.2%+18.0%
TTM21.2%3.3%+17.9%
YOY16.1%3.6%+12.5%
5Y17.2%3.2%+14.0%
10Y17.5%3.4%+14.1%

1.2. Operating Efficiency of Bajaj Finance Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Bajaj Finance Limited is operating .

  • Measures how much profit Bajaj Finance Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Bajaj Finance Limited to the Credit Services industry mean.
  • An Operating Margin of 55.8% means the company generated ₹0.56  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Bajaj Finance Limited:

  • The MRQ is 55.8%. The company is operating very efficient. +2
  • The TTM is 55.8%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ55.8%TTM55.8%0.0%
TTM55.8%YOY45.3%+10.5%
TTM55.8%5Y59.1%-3.3%
5Y59.1%10Y74.9%-15.8%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ55.8%21.3%+34.5%
TTM55.8%19.0%+36.8%
YOY45.3%26.3%+19.0%
5Y59.1%21.7%+37.4%
10Y74.9%25.5%+49.4%
1.2.2. Operating Ratio

Measures how efficient Bajaj Finance Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Credit Services industry mean).
  • An Operation Ratio of 0.49 means that the operating costs are ₹0.49 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Bajaj Finance Limited:

  • The MRQ is 0.493. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.493. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.493TTM0.4930.000
TTM0.493YOY0.497-0.004
TTM0.4935Y0.579-0.086
5Y0.57910Y0.754-0.175
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4930.817-0.324
TTM0.4930.816-0.323
YOY0.4970.799-0.302
5Y0.5790.716-0.137
10Y0.7540.709+0.045

1.3. Liquidity of Bajaj Finance Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Bajaj Finance Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Credit Services industry mean).
  • A Current Ratio of 1.07 means the company has ₹1.07 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Bajaj Finance Limited:

  • The MRQ is 1.068. The company is just able to pay all its short-term debts.
  • The TTM is 1.068. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.068TTM1.0680.000
TTM1.068YOY2.892-1.824
TTM1.0685Y2.031-0.963
5Y2.03110Y2.556-0.525
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0683.006-1.938
TTM1.0683.353-2.285
YOY2.8922.540+0.352
5Y2.0314.074-2.043
10Y2.5564.335-1.779
1.3.2. Quick Ratio

Measures if Bajaj Finance Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Bajaj Finance Limited to the Credit Services industry mean.
  • A Quick Ratio of 0.07 means the company can pay off ₹0.07 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Bajaj Finance Limited:

  • The MRQ is 0.067. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.067. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.067TTM0.0670.000
TTM0.067YOY3.827-3.761
TTM0.0675Y2.412-2.346
5Y2.41210Y1.238+1.174
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0671.975-1.908
TTM0.0672.227-2.160
YOY3.8271.916+1.911
5Y2.4123.814-1.402
10Y1.2383.638-2.400

1.4. Solvency of Bajaj Finance Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Bajaj Finance Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Bajaj Finance Limited to Credit Services industry mean.
  • A Debt to Asset Ratio of 0.80 means that Bajaj Finance Limited assets are financed with 80.2% credit (debt) and the remaining percentage (100% - 80.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Bajaj Finance Limited:

  • The MRQ is 0.802. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.802. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.802TTM0.8020.000
TTM0.802YOY0.794+0.008
TTM0.8025Y0.805-0.003
5Y0.80510Y0.822-0.016
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8020.729+0.073
TTM0.8020.716+0.086
YOY0.7940.709+0.085
5Y0.8050.711+0.094
10Y0.8220.693+0.129
1.4.2. Debt to Equity Ratio

Measures if Bajaj Finance Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Bajaj Finance Limited to the Credit Services industry mean.
  • A Debt to Equity ratio of 406.2% means that company has ₹4.06 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Bajaj Finance Limited:

  • The MRQ is 4.062. The company is unable to pay all its debts with equity. -1
  • The TTM is 4.062. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ4.062TTM4.0620.000
TTM4.062YOY3.861+0.201
TTM4.0625Y4.192-0.130
5Y4.19210Y4.711-0.518
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ4.0622.575+1.487
TTM4.0622.383+1.679
YOY3.8612.317+1.544
5Y4.1922.329+1.863
10Y4.7112.391+2.320

2. Market Valuation of Bajaj Finance Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Bajaj Finance Limited generates.

  • Above 15 is considered overpriced but always compare Bajaj Finance Limited to the Credit Services industry mean.
  • A PE ratio of 30.10 means the investor is paying ₹30.10 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Bajaj Finance Limited:

  • The EOD is 38.829. Based on the earnings, the company is overpriced. -1
  • The MRQ is 30.102. Based on the earnings, the company is overpriced. -1
  • The TTM is 30.102. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD38.829MRQ30.102+8.728
MRQ30.102TTM30.1020.000
TTM30.102YOY63.706-33.604
TTM30.1025Y47.665-17.564
5Y47.66510Y70.622-22.957
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
EOD38.8296.808+32.021
MRQ30.1026.289+23.813
TTM30.1026.578+23.524
YOY63.7067.303+56.403
5Y47.6658.537+39.128
10Y70.62211.727+58.895
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Bajaj Finance Limited:

  • The EOD is -10.387. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -8.052. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -8.052. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-10.387MRQ-8.052-2.335
MRQ-8.052TTM-8.0520.000
TTM-8.052YOY-11.888+3.836
TTM-8.0525Y-59.706+51.654
5Y-59.70610Y-35.892-23.815
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
EOD-10.387-0.702-9.685
MRQ-8.052-0.673-7.379
TTM-8.052-0.332-7.720
YOY-11.888-0.451-11.437
5Y-59.706-0.002-59.704
10Y-35.8920.006-35.898
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Bajaj Finance Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Credit Services industry mean).
  • A PB ratio of 6.37 means the investor is paying ₹6.37 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Bajaj Finance Limited:

  • The EOD is 8.218. Based on the equity, the company is overpriced. -1
  • The MRQ is 6.371. Based on the equity, the company is overpriced. -1
  • The TTM is 6.371. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD8.218MRQ6.371+1.847
MRQ6.371TTM6.3710.000
TTM6.371YOY10.243-3.872
TTM6.3715Y7.783-1.412
5Y7.78310Y12.200-4.417
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
EOD8.2180.930+7.288
MRQ6.3710.861+5.510
TTM6.3710.860+5.511
YOY10.2431.071+9.172
5Y7.7831.235+6.548
10Y12.2001.430+10.770
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Bajaj Finance Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--172.836172.8360%110.167+57%122.668+41%82.703+109%
Book Value Per Share--881.622881.6220%708.785+24%606.517+45%371.952+137%
Current Ratio--1.0681.0680%2.892-63%2.031-47%2.556-58%
Debt To Asset Ratio--0.8020.8020%0.794+1%0.8050%0.822-2%
Debt To Equity Ratio--4.0624.0620%3.861+5%4.192-3%4.711-14%
Dividend Per Share--19.56919.5690%9.771+100%9.682+102%5.782+238%
Eps--186.593186.5930%113.960+64%104.469+79%63.955+192%
Free Cash Flow Per Share---697.533-697.5330%-610.688-12%-442.174-37%-309.449-56%
Free Cash Flow To Equity Per Share--124.143124.1430%-87.935+171%55.462+124%31.926+289%
Gross Profit Margin--0.9580.9580%0.9620%0.951+1%0.918+4%
Intrinsic Value_10Y_max---5525.707--------
Intrinsic Value_10Y_min---6869.948--------
Intrinsic Value_1Y_max---362.926--------
Intrinsic Value_1Y_min---509.677--------
Intrinsic Value_3Y_max---1235.849--------
Intrinsic Value_3Y_min---1695.255--------
Intrinsic Value_5Y_max---2284.080--------
Intrinsic Value_5Y_min---3051.357--------
Market Cap4468341122864.000+22%3464001242448.0003464001242448.0000%4477407009411.200-23%2869920481006.720+21%2011627715777.280+72%
Net Profit Margin--0.4270.4270%0.349+22%0.348+23%0.309+38%
Operating Margin--0.5580.5580%0.453+23%0.591-6%0.749-25%
Operating Ratio--0.4930.4930%0.497-1%0.579-15%0.754-35%
Pb Ratio8.218+22%6.3716.3710%10.243-38%7.783-18%12.200-48%
Pe Ratio38.829+22%30.10230.1020%63.706-53%47.665-37%70.622-57%
Price Per Share7245.250+22%5616.7505616.7500%7259.950-23%4653.470+21%3261.780+72%
Price To Free Cash Flow Ratio-10.387-29%-8.052-8.0520%-11.888+48%-59.706+641%-35.892+346%
Price To Total Gains Ratio37.656+22%29.19229.1920%60.531-52%44.821-35%56.939-49%
Quick Ratio--0.0670.0670%3.827-98%2.412-97%1.238-95%
Return On Assets--0.0420.0420%0.033+26%0.033+27%0.031+36%
Return On Equity--0.2120.2120%0.161+32%0.172+23%0.175+21%
Total Gains Per Share--192.405192.4050%119.938+60%132.350+45%88.485+117%
Usd Book Value--6524637600.0006524637600.0000%5245522800.000+24%4488665520.000+45%2752712280.000+137%
Usd Book Value Change Per Share--2.0742.0740%1.322+57%1.472+41%0.992+109%
Usd Book Value Per Share--10.57910.5790%8.505+24%7.278+45%4.463+137%
Usd Dividend Per Share--0.2350.2350%0.117+100%0.116+102%0.069+238%
Usd Eps--2.2392.2390%1.368+64%1.254+79%0.767+192%
Usd Free Cash Flow---5162246400.000-5162246400.0000%-4519534800.000-12%-3272404560.000-37%-2290147320.000-56%
Usd Free Cash Flow Per Share---8.370-8.3700%-7.328-12%-5.306-37%-3.713-56%
Usd Free Cash Flow To Equity Per Share--1.4901.4900%-1.055+171%0.666+124%0.383+289%
Usd Market Cap53620093474.368+22%41568014909.37641568014909.3760%53728884112.934-23%34439045772.081+21%24139532589.327+72%
Usd Price Per Share86.943+22%67.40167.4010%87.119-23%55.842+21%39.141+72%
Usd Profit--1380922800.0001380922800.0000%843387600.000+64%773147520.000+79%475445880.000+190%
Usd Revenue--3234519600.0003234519600.0000%2417594400.000+34%2163396000.000+50%1404199440.000+130%
Usd Total Gains Per Share--2.3092.3090%1.439+60%1.588+45%1.062+117%
 EOD+5 -3MRQTTM+0 -0YOY+23 -135Y+27 -910Y+27 -9

3.2. Fundamental Score

Let's check the fundamental score of Bajaj Finance Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1538.829
Price to Book Ratio (EOD)Between0-18.218
Net Profit Margin (MRQ)Greater than00.427
Operating Margin (MRQ)Greater than00.558
Quick Ratio (MRQ)Greater than10.067
Current Ratio (MRQ)Greater than11.068
Debt to Asset Ratio (MRQ)Less than10.802
Debt to Equity Ratio (MRQ)Less than14.062
Return on Equity (MRQ)Greater than0.150.212
Return on Assets (MRQ)Greater than0.050.042
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Bajaj Finance Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5075.064
Ma 20Greater thanMa 506,593.370
Ma 50Greater thanMa 1006,741.179
Ma 100Greater thanMa 2007,060.557
OpenGreater thanClose7,032.100
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets2,752,286,700
Total Liabilities2,208,566,900
Total Stockholder Equity543,719,800
 As reported
Total Liabilities 2,208,566,900
Total Stockholder Equity+ 543,719,800
Total Assets = 2,752,286,700

Assets

Total Assets2,752,286,700
Total Current Assets15,507,500
Long-term Assets23,874,600
Total Current Assets
Cash And Cash Equivalents 43,045,200
Short-term Investments -27,537,700
Net Receivables 12,997,200
Inventory 808,720,200
Other Current Assets -821,717,400
Total Current Assets  (as reported)15,507,500
Total Current Assets  (calculated)15,507,500
+/-0
Long-term Assets
Property Plant Equipment 16,911,700
Goodwill 32,700
Long Term Investments 237,203,600
Intangible Assets 6,930,200
Long-term Assets Other -23,874,600
Long-term Assets  (as reported)23,874,600
Long-term Assets  (calculated)237,203,600
+/- 213,329,000

Liabilities & Shareholders' Equity

Total Current Liabilities14,521,200
Long-term Liabilities1,139,298,500
Total Stockholder Equity543,719,800
Total Current Liabilities
Short-term Debt 582,378,900
Accounts payable 14,521,200
Other Current Liabilities -14,521,200
Total Current Liabilities  (as reported)14,521,200
Total Current Liabilities  (calculated)582,378,900
+/- 567,857,700
Long-term Liabilities
Long term Debt Total 1,720,249,300
Capital Lease Obligations Min Short Term Debt-582,378,900
Long-term Liabilities  (as reported)1,139,298,500
Long-term Liabilities  (calculated)1,137,870,400
+/- 1,428,100
Total Stockholder Equity
Common Stock1,208,900
Retained Earnings 272,200,600
Accumulated Other Comprehensive Income 95,900,500
Capital Surplus 174,409,800
Total Stockholder Equity (as reported)543,719,800
Total Stockholder Equity (calculated)543,719,800
+/-0
Other
Capital Stock1,208,900
Cash And Equivalents43,045,200
Cash and Short Term Investments 15,507,500
Common Stock Shares Outstanding 607,045
Current Deferred Revenue-567,857,700
Liabilities and Stockholders Equity 2,752,286,700
Net Debt 1,677,204,100
Net Invested Capital 2,263,969,100
Net Working Capital 986,300
Property Plant and Equipment Gross 16,911,700
Short Long Term Debt Total 1,720,249,300



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-312007-03-312006-03-312005-03-31
> Total Assets 
14,219,593
22,191,914
35,420,677
38,457,648
40,423,135
48,225,688
85,181,200
129,266,800
178,211,700
246,180,000
328,113,300
464,566,000
637,246,300
868,243,400
1,242,325,000
1,643,913,700
1,715,268,700
2,125,053,600
2,752,286,700
2,752,286,7002,125,053,6001,715,268,7001,643,913,7001,242,325,000868,243,400637,246,300464,566,000328,113,300246,180,000178,211,700129,266,80085,181,20048,225,68840,423,13538,457,64835,420,67722,191,91414,219,593
   > Total Current Assets 
13,935,368
21,879,169
34,880,604
34,777,203
36,976,231
44,010,651
79,052,800
60,716,000
176,397,000
243,699,200
322,325,900
451,372,300
592,891,100
832,081,100
13,040,600
13,827,200
18,493,300
33,814,400
15,507,500
15,507,50033,814,40018,493,30013,827,20013,040,600832,081,100592,891,100451,372,300322,325,900243,699,200176,397,00060,716,00079,052,80044,010,65136,976,23134,777,20334,880,60421,879,16913,935,368
       Cash And Cash Equivalents 
2,666,502
3,251,550
5,377,501
2,101,089
629,063
225,063
4,319,800
598,300
4,263,100
7,887,600
2,362,500
13,475,700
3,801,900
3,925,900
4,064,900
14,271,800
22,580,900
37,860,800
43,045,200
43,045,20037,860,80022,580,90014,271,8004,064,9003,925,9003,801,90013,475,7002,362,5007,887,6004,263,100598,3004,319,800225,063629,0632,101,0895,377,5013,251,5502,666,502
       Short-term Investments 
11,223,464
18,554,314
0
0
0
0
0
0
0
0
0
0
0
0
0
-444,600
-4,087,600
-4,046,400
-27,537,700
-27,537,700-4,046,400-4,087,600-444,600000000000000018,554,31411,223,464
       Net Receivables 
0
0
0
0
0
0
0
0
682,000
787,200
1,658,600
2,118,500
3,237,600
5,389,300
8,975,700
9,524,900
11,072,400
14,987,400
12,997,200
12,997,20014,987,40011,072,4009,524,9008,975,7005,389,3003,237,6002,118,5001,658,600787,200682,00000000000
       Other Current Assets 
45,402
73,304
29,503,104
32,676,114
36,347,168
43,785,589
74,733,000
60,117,700
171,451,900
235,024,400
318,304,800
435,778,100
585,851,600
822,765,900
1,136,345,700
-169,864,500
-567,790,700
-739,938,700
-821,717,400
-821,717,400-739,938,700-567,790,700-169,864,5001,136,345,700822,765,900585,851,600435,778,100318,304,800235,024,400171,451,90060,117,70074,733,00043,785,58936,347,16832,676,11429,503,10473,30445,402
   > Long-term Assets 
284,225
312,745
540,073
3,680,445
3,446,904
4,215,037
6,128,400
68,550,800
1,814,700
2,480,800
5,787,400
13,193,700
44,355,200
36,162,300
92,938,700
13,209,900
13,667,600
17,504,400
23,874,600
23,874,60017,504,40013,667,60013,209,90092,938,70036,162,30044,355,20013,193,7005,787,4002,480,8001,814,70068,550,8006,128,4004,215,0373,446,9043,680,445540,073312,745284,225
       Property Plant Equipment 
22,362
32,161
50,262
137,604
133,224
504,515
961,900
1,281,300
1,644,300
1,968,400
2,182,600
2,429,500
2,875,100
3,461,500
5,265,100
10,972,600
10,487,600
12,958,500
16,911,700
16,911,70012,958,50010,487,60010,972,6005,265,1003,461,5002,875,1002,429,5002,182,6001,968,4001,644,3001,281,300961,900504,515133,224137,60450,26232,16122,362
       Goodwill 
0
0
0
0
0
0
0
0
0
0
32,700
32,700
32,700
32,700
32,700
32,700
32,700
32,700
32,700
32,70032,70032,70032,70032,70032,70032,70032,70032,7000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
282,100
3,262,900
10,291,000
40,695,100
31,459,700
85,990,300
179,342,600
189,340,900
130,889,300
237,203,600
237,203,600130,889,300189,340,900179,342,60085,990,30031,459,70040,695,10010,291,0003,262,900282,100000000000
       Intangible Assets 
0
0
0
0
0
0
64,100
0
117,800
230,300
309,200
440,500
752,300
1,208,400
1,650,600
2,204,600
3,147,300
4,513,200
6,930,200
6,930,2004,513,2003,147,3002,204,6001,650,6001,208,400752,300440,500309,200230,300117,800064,100000000
       Other Assets 
0
0
0
0
0
0
0
0
178,211,700
246,180,000
328,113,300
464,566,000
637,246,300
868,243,400
1,136,345,700
1,616,876,600
1,683,107,800
2,073,734,800
2,712,904,600
2,712,904,6002,073,734,8001,683,107,8001,616,876,6001,136,345,700868,243,400637,246,300464,566,000328,113,300246,180,000178,211,70000000000
> Total Liabilities 
11,461,862
17,241,445
25,461,469
27,823,791
29,535,761
36,700,283
71,600,100
108,931,100
144,541,300
206,263,600
280,113,200
390,292,000
541,243,700
702,786,900
1,045,354,800
1,320,637,400
1,346,084,600
1,687,926,700
2,208,566,900
2,208,566,9001,687,926,7001,346,084,6001,320,637,4001,045,354,800702,786,900541,243,700390,292,000280,113,200206,263,600144,541,300108,931,10071,600,10036,700,28329,535,76127,823,79125,461,46917,241,44511,461,862
   > Total Current Liabilities 
4,658,647
7,053,827
9,227,427
11,188,723
13,421,690
4,432,692
4,514,100
44,244,600
0
99,353,100
94,187,000
135,691,100
194,438,000
263,852,000
5,638,000
7,619,700
8,948,600
11,693,200
14,521,200
14,521,20011,693,2008,948,6007,619,7005,638,000263,852,000194,438,000135,691,10094,187,00099,353,100044,244,6004,514,1004,432,69213,421,69011,188,7239,227,4277,053,8274,658,647
       Short-term Debt 
0
0
0
0
0
0
517,900
27,945,600
0
197,512,500
41,032,500
60,992,400
10,000,000
94,901,100
139,011,000
315,062,800
285,654,800
512,886,900
582,378,900
582,378,900512,886,900285,654,800315,062,800139,011,00094,901,10010,000,00060,992,40041,032,500197,512,500027,945,600517,900000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
197,512,500
41,032,500
60,992,400
72,111,600
94,901,100
139,011,000
0
0
0
0
0000139,011,00094,901,10072,111,60060,992,40041,032,500197,512,500000000000
       Accounts payable 
313,036
386,406
515,862
772,077
861,308
707,991
1,789,900
1,826,100
5,032,500
5,362,300
7,616,700
14,312,000
23,014,700
26,283,900
5,638,000
7,619,700
8,948,600
11,693,200
14,521,200
14,521,20011,693,2008,948,6007,619,7005,638,00026,283,90023,014,70014,312,0007,616,7005,362,3005,032,5001,826,1001,789,900707,991861,308772,077515,862386,406313,036
       Other Current Liabilities 
4,345,611
6,667,421
8,711,565
10,416,646
12,560,382
3,724,701
2,206,300
14,472,900
0
1,365,600
1,868,300
6,307,700
4,298,500
6,583,300
-5,638,000
-7,619,700
-8,948,600
-11,693,200
-14,521,200
-14,521,200-11,693,200-8,948,600-7,619,700-5,638,0006,583,3004,298,5006,307,7001,868,3001,365,600014,472,9002,206,3003,724,70112,560,38210,416,6468,711,5656,667,4214,345,611
   > Long-term Liabilities 
6,803,215
10,187,618
16,234,042
16,635,068
16,114,071
32,267,591
67,086,000
64,686,500
136,969,300
195,405,400
257,073,000
347,814,100
467,795,100
597,721,300
883,948,400
769,540,900
773,528,900
832,530,600
1,139,298,500
1,139,298,500832,530,600773,528,900769,540,900883,948,400597,721,300467,795,100347,814,100257,073,000195,405,400136,969,30064,686,50067,086,00032,267,59116,114,07116,635,06816,234,04210,187,6186,803,215
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
456,209,800
542,323,000
779,156,900
1,032,929,500
971,044,200
1,344,324,000
1,720,249,300
1,720,249,3001,344,324,000971,044,2001,032,929,500779,156,900542,323,000456,209,800000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
2,140,700
2,878,500
6,903,400
15,704,900
735,200
1,244,100
1,628,900
2,405,400
2,048,300
19,321,900
19,321,9002,048,3002,405,4001,628,9001,244,100735,20015,704,9006,903,4002,878,5002,140,700000000000
> Total Stockholder Equity
2,757,731
4,950,469
9,959,208
10,633,857
10,887,374
11,525,405
13,581,100
20,335,700
33,670,400
39,916,400
48,000,100
74,274,000
96,002,600
165,456,500
196,970,200
323,276,300
369,184,100
437,126,900
543,719,800
543,719,800437,126,900369,184,100323,276,300196,970,200165,456,50096,002,60074,274,00048,000,10039,916,40033,670,40020,335,70013,581,10011,525,40510,887,37410,633,8579,959,2084,950,4692,757,731
   Common Stock
658,286
2,618,073
353,486
365,966
365,966
365,966
366,300
413,200
497,800
501,400
501,500
538,700
1,099,800
1,155,900
1,153,700
1,199,900
1,203,200
1,210,900
1,208,900
1,208,9001,210,9001,203,2001,199,9001,153,7001,155,9001,099,800538,700501,500501,400497,800413,200366,300365,966365,966365,966353,4862,618,073658,286
   Retained Earnings Total Equity0000000000000000000
   Accumulated Other Comprehensive Income 
-262,159
-255,931
-284,705
-331,322
-376,661
-413,821
-481,500
-583,600
-699,700
-879,400
-944,300
-1,355,800
-1,713,900
-2,411,200
-3,249,100
-5,428,900
55,768,000
71,222,700
95,900,500
95,900,50071,222,70055,768,000-5,428,900-3,249,100-2,411,200-1,713,900-1,355,800-944,300-879,400-699,700-583,600-481,500-413,821-376,661-331,322-284,705-255,931-262,159
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
37,102,700
82,237,300
82,988,100
168,414,300
169,784,500
172,177,700
174,409,800
174,409,800172,177,700169,784,500168,414,30082,988,10082,237,30037,102,700000000000000
   Treasury Stock0000000-3,200-1,5000000000000
   Other Stockholders Equity 
2,361,604
2,588,327
9,605,721
10,267,891
10,521,408
11,159,439
13,214,800
16,093,000
26,228,700
28,575,300
31,602,500
50,981,500
59,696,800
110,769,700
121,870,200
-153,607,900
169,784,500
172,173,400
174,409,800
174,409,800172,173,400169,784,500-153,607,900121,870,200110,769,70059,696,80050,981,50031,602,50028,575,30026,228,70016,093,00013,214,80011,159,43910,521,40810,267,8919,605,7212,588,3272,361,604



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue269,543,300
Cost of Revenue-50,415,000
Gross Profit219,128,300219,128,300
 
Operating Income (+$)
Gross Profit219,128,300
Operating Expense-82,384,900
Operating Income150,424,800136,743,400
 
Operating Expense (+$)
Research Development0
Selling General Administrative293,700
Selling And Marketing Expenses4,786,600
Operating Expense82,384,9005,080,300
 
Net Interest Income (+$)
Interest Income16,700
Interest Expense-125,598,900
Other Finance Cost-355,485,200
Net Interest Income229,903,000
 
Pretax Income (+$)
Operating Income150,424,800
Net Interest Income229,903,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)155,278,600-4,853,800
EBIT - interestExpense = 24,825,900
155,278,600
240,675,800
Interest Expense125,598,900
Earnings Before Interest and Taxes (EBIT)150,424,800280,877,500
Earnings Before Interest and Taxes (EBITDA)155,278,600
 
After tax Income (+$)
Income Before Tax155,278,600
Tax Provision-40,201,700
Net Income From Continuing Ops115,076,900115,076,900
Net Income115,076,900
Net Income Applicable To Common Shares115,076,900
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses-101,771,200
Total Other Income/Expenses Net155,278,600-229,903,000
 

Technical Analysis of Bajaj Finance Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Bajaj Finance Limited. The general trend of Bajaj Finance Limited is BEARISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Bajaj Finance Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-28.6%) Bearish trend (28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Bajaj Finance Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 7,145 < 7,830 < 8,192.

The bearish price targets are: 6,807 > 6,188 > 5,936.

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Bajaj Finance Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Bajaj Finance Limited. The current mas is .

The long score for the Moving Averages is 5/14.
The longshort score for the Moving Averages is -4/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Bajaj Finance Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Bajaj Finance Limited. The current macd is 74.67.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Bajaj Finance Limited price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Bajaj Finance Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Bajaj Finance Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Bajaj Finance Limited Daily Moving Average Convergence/Divergence (MACD) ChartBajaj Finance Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Bajaj Finance Limited. The current adx is 27.70.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Bajaj Finance Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Bajaj Finance Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Bajaj Finance Limited. The current sar is 6,505.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Bajaj Finance Limited Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Bajaj Finance Limited. The current rsi is 75.06. The current phase is Overbought in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bear market: Short-term excessive buying, potential for relief decline. Consider shorting, be cautious of potential pullback. -1
  • Trending up: The RSI is trending up. +1
Bajaj Finance Limited Daily Relative Strength Index (RSI) ChartBajaj Finance Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Bajaj Finance Limited. The current phase is Overbought in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Bajaj Finance Limited price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Bajaj Finance Limited Daily Stochastic Oscillator ChartBajaj Finance Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Bajaj Finance Limited. The current cci is 245.90.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Bajaj Finance Limited Daily Commodity Channel Index (CCI) ChartBajaj Finance Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Bajaj Finance Limited. The current cmo is 71.45.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Bajaj Finance Limited Daily Chande Momentum Oscillator (CMO) ChartBajaj Finance Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Bajaj Finance Limited. The current willr is -9.89538754.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Bajaj Finance Limited Daily Williams %R ChartBajaj Finance Limited Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Bajaj Finance Limited.

Bajaj Finance Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Bajaj Finance Limited. The current atr is 161.46.

Bajaj Finance Limited Daily Average True Range (ATR) ChartBajaj Finance Limited Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Bajaj Finance Limited. The current obv is -6,151,019.

Bajaj Finance Limited Daily On-Balance Volume (OBV) ChartBajaj Finance Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Bajaj Finance Limited. The current mfi is 89.76.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
Bajaj Finance Limited Daily Money Flow Index (MFI) ChartBajaj Finance Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Bajaj Finance Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-17MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-23STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-24WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-04WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-05DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-06WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-12STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-15CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-17SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-18WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-31RSI LONG ENTRY SHORT CLOSE30 crossover to upside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-02RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-28WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-18CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-19CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-26BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside

6.3. Candlestick Patterns

Bajaj Finance Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Bajaj Finance Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5075.064
Ma 20Greater thanMa 506,593.370
Ma 50Greater thanMa 1006,741.179
Ma 100Greater thanMa 2007,060.557
OpenGreater thanClose7,032.100
Total1/5 (20.0%)
Penke

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