Power Finance Corporation Ltd Upgraded to Hold on Technical and Valuation Shifts Power Finance Corporation Ltd (PFC) has seen its investment rating upgraded from Sell to Hold, reflecting a notable improvement in technical indicators and a reassessment of valuation metrics. This change, effective from 17 March 2026, comes amid a backdrop of steady financial performance and strong long-term returns, positioning the stock as a more balanced proposition for investors within the finance sector. The primary catalyst for the upgrade lies in the shift in technical trends. PFC’s technical grade has moved from mildly bearish to mildly bullish, signaling a positive momentum shift in the stock’s price action. Key technical indicators underpinning this change include a bullish Moving Average Convergence Divergence (MACD) on the weekly chart, supported by bullish Bollinger Bands and a positive Know Sure Thing (KST) indicator on the weekly timeframe. Although monthly indicators remain mildly bearish, the daily moving averages have turned bullish, reflecting short-term strength. Specifically, the stock’s current price stands at ₹417.80, up 2.78% on the day, with a trading range between ₹404.30 and ₹419.45. This price movement is encouraging given the 52-week low of ₹330.05 and a high of ₹443.95, indicating the stock is trading closer to its upper range. The technical upgrade suggests that market sentiment is improving, which could attract momentum-driven investors. Alongside technical improvements, the valuation grade for PFC has been revised from fair to expensive. The company currently trades at a price-to-earnings (PE) ratio of 5.46, which, while low compared to many peers, reflects a premium relative to its historical valuation band. The price-to-book value stands at 1.#sensex #bse500 #bajaj_finance #power_finance_corporation_ltd #sbi_life_insurance
Bajaj Finance Shares Lose Post-Budget Gains, Extend March Losses to 10% Shares of Bajaj Finance Ltd. have reversed earlier gains made after the budget announcement, extending their losses for March to 10%. The stock fell 4% on Wednesday, March 11, marking its eighth consecutive losing session in the past 11 trading days. It is among the top losers on the Nifty 50 index, with the decline raising concerns about its performance in the month. If the current trend continues, March could become the worst month for the stock since October 2024, when it also recorded similar losses. The stock had surged 20% between February 1 and February 20, reaching an intraday high of ₹1,046. However, it has since retraced to levels around ₹900, erasing all the gains from that period. The decline comes amid increased provisions for bad loans, which pressured the company’s profitability. For the December quarter, Bajaj Finance’s provisions rose by nearly ₹1,400 crore, a move the management attributed to ensuring the balance sheet remains “shock proof.” The company also adjusted its full-year growth guidance, projecting growth of around 22%, which is at the lower end of the previously expected 22% to 23% range. Technical indicators suggest the stock is facing bearish momentum. It has slipped below key moving averages, and the Relative Strength Index (RSI) stands at 31, nearing “oversold” levels. An RSI reading below 30 typically signals that a stock is oversold, indicating potential for a rebound. However, the current decline has raised concerns among investors. Analysts have mixed views on the stock. Out of 38 analysts covering Bajaj Finance, 24 have issued “buy” ratings, six have “sell” ratings, and eight have “hold” ratings.#nifty_50 #market_volatility #bajaj_finance #ambit #financial_sector
Bajaj Finance Share Price Live Updates Bajaj Finance’s stock price has experienced a decline on March 9, 2026, with the latest trading data showing a drop of 2.3% to Rs 928.35. The three-month return for the stock is negative at 9.03%, reflecting a downward trend in recent weeks. Earlier in the day, the stock traded at Rs 924.05, marking a daily decline of 2.76%, and fell further to Rs 916.85 by mid-morning, a 3.51% decrease from the previous day’s close. The stock’s volume has also seen a significant drop, with 1.44 million shares traded in the latest session, far below the 7-day average of 7.55 million shares. This low volume suggests reduced investor activity or uncertainty about the stock’s future performance. Analysts note that the stock is currently trading below its 100-day simple moving average (SMA) of Rs 932.85 and the 100-day exponential moving average (EMA) of Rs 932.48, indicating potential weakness in the short-term trend. Brokerage Motilal Oswal Financial Services has set a new target price for Bajaj Finance at Rs 1075.0, implying a potential upside of 16.13% from its current price of Rs 925.65. However, the stock has faced a weekly setback, with a return of -4.59% over the past week, and a monthly decline of -3.21%, signaling continued pressure on its valuation. Technical indicators highlight the stock’s struggle to maintain momentum, as it has broken below key support levels. The third support level (S3) at Rs 922.97 has been breached, with the stock trading at Rs 909.05, a 4.33% decline from the previous day’s close. Analysts suggest that the stock may face further downward pressure unless there is a reversal in sentiment or positive news to stabilize its price. The stock’s market capitalization stands at Rs 583,699.91, with a price-to-earnings (P/E) ratio of 32.#stock_price #market_capitalization #bajaj_finance #motilal_oswal_financial_services #p_e_ratio
