Bajaj Finance fell 2.36% to Rs 2,110.05 on BSE on profit booking after a recent rally.
Shares of Bajaj Finance jumped 7.17% in the past two trading sessions to settle at Rs 2,161.15 yesterday, 13 May 2020, from its close of Rs 2,016.45 on Monday, 11 May 2020.
On the technical front, the stock's RSI (relative strength index) stood at 42.474. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The stock was trading below its 50-day moving average (DMA) placed at 2,768.25 and its 200-day moving average (DMA) placed at 3,652.23.
On a consolidated basis, the NBFC's net profit jumped 52.3% to Rs 1,614.11 crore on a 40.7% rise in total income to Rs 7,025.93 crore in Q3 December 2019 over Q3 December 2018.
Bajaj Finance is engaged in lending and allied activities. It focuses on consumer lending, small and medium-sized enterprises (SME) lending, commercial lending, rural lending, fixed deposits and value-added services.
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