Bajaj Finserv shares rise 7.03 per cent to Rs 17,032.50 per cent, extending gains for the sixth straight day. The company’s stocks rose 12.88 per cent in six trading sessions as per the recent closing of Ra 15,088.95. Last year, the stock rallied 15.49 per cent in the benchmark Sensex climbed 7.87 per cent in the same period. The daily relative strength index (RSI) stood at 88.442. In the ascent time, the RSI measures when below 30 oversold and above 70 overbought.
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As per the daily chart, the shares of the company have its 50-day at 12,846.71, 100-day at 13,719.80 and a 200-day low at 15227.94 with a simple moving average (SMA). This will result in crucial support zones in the near team.
The company’s net profit rose by 57 per cent to Rs 1,309 crore; total income rose by 14 per cent to Ra 15,888 crore as compared to the first quarter of FY23 with the first quarter of FY22.
