Stocks to Buy: The Indian stock market started strongly on Friday (August 30). In the bullish market, there is action in select stocks on the technical chart.
A renowned brokerage firm has made finance sector company Bajaj Finserv Ltd (NSE: BAJAJFINSV) a technical pick. The brokerage has advised buying Bajaj Finserv for 2-3 days.
The September series on Nifty started strongly in the stock market on Friday (August 30). Sensex is trading near a record-setting high, with an increase of around 300 points.
At the same time, Nifty registered a gain of about 100 points and it also reached a new record high in early trade. The midcap index had compensated for all the losses of yesterday.
Bajaj Finserv: Profit Will Be Made In 2-3 Days
The Brokerage has named Bajaj Finserv Ltd as a choice for technical reasons. Buying is recommended in this stock for the next 2-3 days.
The target price is Rs 1830. The stock closed at Rs 1755 on 29 August 2024. In this manner, the price of the stock could rise 4-5 % from its current price.
Bajaj Finserv: Stock Jumped 15% In 3 Months
In the bullish market, Bajaj Finserv Ltd started trading in the green mark on Friday, and in a short time, the stock made a new 52-week high. This stock has jumped 7 percent in the last 1 month.
In the meantime, the stock has provided the stock a profit of 10 % over six months and around 15 % over three months. The 1-year return of the stock is 17 percent.
In 2024, the stock has risen 5 percent. The 52-week high for this stock at BSE is 1,784, while the lowest is 1,419.
The market value that the business has is higher than the amount of 2.80 lakh crore rupees.
Quick Fact
Bajaj Finserv
| Company Name | Bajaj Finserv |
|---|---|
| Possible Target Price | ₹1830 |
| Price (30 Aug 2024) | ₹1787 |
| Price Rise (Possible) | 4-5% |
| 1-Month Change | 7% |
| 6-Month Change | 10% |
| 3-Month Change | 15% |
| 1-Year Return | 17% |
| 2024 Change | 5% |
| Market Value | Over ₹2.80 lakh crore |
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