Bajaj FinServ hits year-high 2nd time in three months
Bajaj FinServ Limited (NSE:BAJAJFINSV), India's 2nd largest Finance/NBFCs company by market cap, hit a 52-week high of Rs8,750.0 during the day. In the last three months Bajaj FinServ's stock has hit a new 52-week high twice. Bajaj FinServ's stock price has lifted Rs321.85 (3.8%) from its previous trading session to close at Rs8,706.60. Compared with the BSE SENSEX Index which rose 136.9 points (0.3%) in the day, the relative price increase was 3.5%. The rise has been propped up by high volume of 2.0 times the average daily volume of 301,217 shares. There were 598,576 shares worth Rs5.2 billion (US$73.3 million) traded today.
Technical indicators complementing today's significant uptrend:
+ The positive 129.99 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The stock has outperformed 87% of the Indian market over the past 6 months.
+ In the last three months the stock has hit a new 52-week high twice.
+ The price jumped 9.2% in the last week and lifted 3.1% in the last month.
+ The present value of Rs1,000 invested one year ago is Rs1,577 [vs Rs1,151 for the BSE SENSEX Index].