Bajaj Finance Share Price Surges 2.6% Is ₹10,000 the Next Stop?

Bajaj Finance (NSE: BAJFINANCE) extended its rally on Monday, with the stock surging over 2.6% intraday to touch ₹9,621.30. The move puts it within striking distance of the key ₹9,785.90 resistance, a level that hasn’t been breached since early March.

Volumes have surged well above average, with combined NSE and BSE turnover topping 2.11 million, far higher than the 20-day average of 883.57K, signalling strong institutional interest behind the move.

Bulls Regain Control After Range Reclaim

Today’s upside followed a clean breakout from the ₹9,404–₹9,500 supply zone. The price action now shows a decisive reclaim of short-term momentum, pushing Bajaj Finance toward the top of its current 52-week range.

• Immediate resistance: ₹9,785.90
• Next upside target: ₹10,000 (psychological milestone)
• Support to watch: ₹9,328.60 followed by ₹9,125.70

Bajaj Finance Fundamentals: Valuation Holds Steady, FII Buying Returns

From a valuation standpoint, Bajaj Finance is trading at a TTM P/E of 32.74, almost in line with the sector average of 32.90. What’s more notable is the shift in investor appetite.

• FII holding rose to 18.90% in Q4 FY25, up from the previous quarter
• Mutual fund (MF) holding dipped slightly to 9.00%, showing a bit of caution from domestic institutions
• The stock has delivered a 37.54% return YTD, and 2.08% in the last 5 sessions

The company’s last reported net profit stood at ₹4,479.57 crore, keeping it on solid footing among its peers, including Power Finance Corp and Cholamandalam Investment, both of which are also in the green today.

Analyst View: Optimism with Pockets of Doubt

Among 33 covering analysts, 8 maintain a “strong buy” and 10 call it a “buy,” while 4 are on the sell side, signalling mixed expectations as the stock approaches overbought territory. With momentum now clearly with the bulls, most eyes are on whether the ₹9,785 level can be cleared with volume.

Final Take: All Eyes on ₹9,785

If Bajaj Finance closes above ₹9,785 this week, it could trigger a fresh leg higher toward ₹10,000. But failure to hold today’s gains could bring a pullback to ₹9,328, where previous demand kicked in.

For now, the uptrend remains strong, and the bulls are dictating the pace.

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