Bajaj Finance Share Price Down 

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The stock has underperformed the broader market Nifty50 by over 18 per cent, giving returns of negative 16.8 per cent against 1.3 per cent given by the latter over a 1-year period.

The stock has been trading with high volatility with a 1-year beta of 1.41 according to data sourced from Trendlyne.

Bajaj Finance Technicle View :

The stock is available at a price to book value of 8.41, which is high as per industry standards.

Stock Value

recommends a Sell on rise at levels between Rs 6,400 and 6,500. Stock has cracked after adverse views by brokerages including Macquarie.  

Experts View

A number below 20 indicates that the stock is trading in oversold territory while above 70 it is in the overbought zone.

Market Indicator

Stock Moving Below All SMAs

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Bajaj Finance also mentioned that new loans booked during Q3 FY23 were the highest ever at 7.8 million as compared to 7.4 million in Q3 FY22.

Bajaj Finance shares dive 8%

Bajaj Finance Share Price Fell Sharply in Thursday's Trade.

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