In this blog, we will discuss why Bajaj Finserv Stock is Falling Despite Good Quarterly results
Key Financial Highlights for Q1 FY26:
Consolidated Net Profit:
Bajaj Finserv reported a consolidated net profit of ₹2,789.05 crore, up 30.5% year-on-year (YoY) compared to ₹2,137.70 crore in Q1 FY25.
This represents a 15.41% quarter-on-quarter (QoQ) increase from the previous quarter (Q4 FY25).
Revenue from Operations:
Consolidated revenue rose by approximately 13% YoY to ₹35,439 crore from an unspecified amount in Q1 FY25.
Standalone Performance:On a standalone basis, the net profit was ₹329.92 crore, down 47.88% YoY from ₹633.04 crore in Q1 FY25. However, it surged significantly by 4258.26% QoQ, likely due to specific one-time factors or operational adjustments.
Insurance Business:
Life Insurance Gross Written Premium: Increased by 9% YoY but decreased by 41% QoQ.
General Insurance Gross Written Premium: Grew by 9% YoY and 20% QoQ, indicating strong performance in the general insurance segment.
But why is there a fall in stock price today?
As per my experience, it always happens with fundamentally strong scripts if posts quality results or improved results, it doesn’t mean the stock will rise the next day. Bajaj Finserv stock is around 3 to 4% down today.
WHAT THE TECHNICAL DAILY CHART SAYS
Previously, the stock was in a big upside rally from a bottom zone of 1560 to 2100. Then the stock has been in a sideways zone for the last 4 months, almost. Now the vital support zone is lying around 1900 to 1920 at the daily timeframe chart. Today, the stock fell to that support zone of 1920 and bounced back. Now it is very important that the stock needs to protect its support zone. If the stock fails to sustain above and continuously tests the support zone, then there is a bigger chance of a breakdown below 1920.
Then the stock may fall to the 1860 to 1800 level. The stock is having a resistance around 2070. If we look at the daily chart over the last 4 months, the chart has formed a rectangle pattern. If the stock price sustains above 2070 simultaneously, then more upside towards 2150 to 2300 is possible. In simple terms, the stock has been trading in a range for the last few months, and we can see either side momentum as per price action breakout or breakdown.
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