−19% from the high · +20% from the low
Short build-up into a 26-day expiry: futures OI +1.6% on a −1.2% day, the most call OI sits at 1,000, the most put OI at 940, max pain 990.
BAJFINANCE futures closed at ₹954.75, +0.7% to spot, with 91% of open interest in the 27 Oct contract, and the 950 straddle prices a move of about ±6.3% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹954.75 | +6.45+0.7% | +9.6% | 83,000▲ +1.6% · +1,300 lots | 91 | 9,100 |
| 23 Nov53 days | ₹960.50 | +12.20+1.3% | +8.9% | 7,800▲ +0.7% · +54 lots | 8.6 | 240 |
| 29 Dec89 days | ₹962.85 | +14.55+1.5% | +6.3% | 27▲ +170.0% · +17 lots | 0.03 | 33 |
8.6% of futures OI sits beyond the 27 Oct contract · 58 of 75 listed contracts traded · 48,000 option contracts changed hands
The 950 straddle closed at ₹60.25 (call 32.35 + put 27.90), pricing a move of about ±6.3% by the 27 Oct expiry. In the last 253 windows of 19 sessions, BAJFINANCE moved more than that 110 times.
After the last 8 bulletins, BAJFINANCE closed higher five sessions later in 1 of 7.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 24 SeptSensex gains 284 points as crude oil prices decline | ▲ +1.5%Nifty +0.3% · +1.2 pp | ▲ +0.3%Nifty −1.2% · +1.5 pp | —not reached | ▼ −1.5%short covering |
| 24 SeptSensex rises 200 points on easing crude oil prices | ▼ −5.9%Nifty −1.6% · −4.2 pp | ▼ −4.4%Nifty −1.3% · −3.1 pp | ▼ −9.1%Nifty −4.4% · −4.7 pp | ▲ +3.5%short build-up |
| 24 SeptSensex declines 330 points, Nifty below 23,350 | ▼ −5.9%Nifty −1.6% · −4.2 pp | ▼ −4.4%Nifty −1.3% · −3.1 pp | ▼ −9.1%Nifty −4.4% · −4.7 pp | ▲ +3.5%short build-up |
| 24 SeptUBS upgrades Bajaj Finance to Neutral with ₹1,100 target | ▼ −5.9%Nifty −1.6% · −4.2 pp | ▼ −4.4%Nifty −1.3% · −3.1 pp | ▼ −9.1%Nifty −4.4% · −4.7 pp | ▲ +3.5%short build-up |
| 24 SeptBajaj Finance plans board meeting for capital raising | ▼ −5.9%Nifty −1.6% · −4.2 pp | ▼ −4.4%Nifty −1.3% · −3.1 pp | ▼ −9.1%Nifty −4.4% · −4.7 pp | ▲ +3.5%short build-up |
| 23 SeptUBS upgrades Bajaj Finance to Neutral with ₹1,100 target | ▼ −5.9%Nifty −1.6% · −4.2 pp | ▼ −4.4%Nifty −1.3% · −3.1 pp | ▼ −9.1%Nifty −4.4% · −4.7 pp | ▲ +3.5%short build-up |
| 18 SeptBajaj Auto completes ₹5,632 crore share buyback | ▼ −1.8%Nifty +0.3% · −2.1 pp | ▼ −3.0%Nifty −0.1% · −3.0 pp | ▼ −5.3%Nifty −2.4% · −2.9 pp | ▲ +0.7%short build-up |
| 20 AugMarkets decline as crude oil prices rise | ▲ +1.4%Nifty +0.6% · +0.7 pp | ▲ +1.4%Nifty +0.7% · +0.7 pp | ▲ +0.3%Nifty +0.1% · +0.2 pp | ▲ +2.3%long build-up |
Revenue ₹23,165 cr, +19% on a year earlier; profit ₹6,081 cr, +28% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 30 Jul | ₹23,165 cr | ▲ +19% | ₹6,081 cr | ▲ +28% | 9.60 | ▲ +8.3%Nifty +0.3% · +8.1 pp |
| Mar 2026filed 29 Apr | ₹21,606 cr | ▲ +17% | ₹5,553 cr | ▲ +22% | 8.76 | ▲ +0.8%Nifty −0.7% · +1.5 pp |
| Dec 2025filed 3 Feb | ₹21,214 cr | ▲ +18% | ₹4,066 cr | ▼ −5.6% | 6.38 | ▼ −0.1%Nifty +0.2% · −0.3 pp |
| Sept 2025filed 10 Nov | ₹20,179 cr | ▲ +18% | ₹4,948 cr | ▲ +23% | 7.83 | —not reached |
| Jun 2025filed 24 Jul | ₹19,524 cr | ▲ +21% | ₹4,765 cr | ▲ +22% | 7.55 | —not reached |
| Mar 2025filed 30 Apr · audited | ₹18,457 cr | ▲ +24% | ₹4,546 cr | ▲ +19% | 72.18 | ▼ −5.0%Nifty 0.0% · −5.0 pp |
| Dec 2024filed 29 Jan | ₹18,035 cr | ▲ +27% | ₹4,308 cr | ▲ +18% | 68.47 | —not reached |
| Sept 2024filed 22 Oct | ₹17,090 cr | ▲ +28% | ₹4,014 cr | ▲ +13% | 64.50 | —not reached |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹82,522 cr | ▲ +18% | ₹19,332 cr | ▲ +15% | 30.52 |
| FY25to Mar 2025 | ₹69,681 cr | ▲ +27% | ₹16,779 cr | ▲ +16% | 268.26 |
| FY24to Mar 2024 | ₹54,963 cr | — | ₹14,451 cr | — | 235.95 |
BAJFINANCE trades at 29 times trailing earnings against 22 for its industry, 5.0 times book value, revenue +18% over twelve months, a 1.3% dividend yield, market cap ₹5,90,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| BAJFINANCEBajaj Finance Limited | 5,90,000 cron 1 Oct | 29consolidated | 5.0 | ₹948.30 |
| SHRIRAMFINShriram Finance Limited | 2,20,000 cron 1 Oct | 17consolidated | 3.4 | ₹945.00 |
| TATACAPTata Capital Limited | 1,40,000 cron 1 Oct | — | 2.9 | ₹319.30 |
| CHOLAFINCholamandalam Investment and Finance Company Limited | 1,30,000 cron 1 Oct | 23consolidated | 4.4 | ₹1,580.00 |
| MUTHOOTFINMuthoot Finance Limited | 1,10,000 cron 1 Oct | 9.5consolidated | 2.7 | ₹2,697.10 |
| LTFL&T Finance Limited | 66,000 cron 1 Oct | 21consolidated | 2.4 | ₹264.35 |
| SBICARDSBI Cards and Payment Services Limited | 54,000 cron 1 Oct | 24standalone | 3.4 | ₹563.20 |
| HDBFSHDB Financial Services Limited | 51,000 cron 1 Oct | — | 2.5 | ₹618.20 |
| SUNDARMFINSundaram Finance Limited | 49,000 cron 1 Oct | — | 3.3 | ₹4,395.90 |
| PIRAMALFINPiramal Finance Limited | 48,000 cron 1 Oct | — | 1.7 | ₹2,023.30 |
| AIILAuthum Investment & Infrastructure Limited | 46,000 cron 1 Oct | — | 3.1 | ₹539.30 |
| M&MFINMahindra & Mahindra Financial Services Limited | 44,000 cron 1 Oct | — | 1.7 | ₹319.75 |
| POONAWALLAPoonawalla Fincorp Limited | 38,000 cron 1 Oct | — | 3.7 | ₹433.40 |
| MANAPPURAMManappuram Finance Limited | 29,000 cron 1 Oct | 15consolidated | 1.8 | ₹308.90 |
| IIFLIIFL Finance Limited | 25,000 cron 1 Oct | — | 1.6 | ₹583.80 |
| CGCLCapri Global Capital Limited | 24,000 cron 1 Oct | — | 3.3 | ₹249.25 |
| FIVESTARFive-Star Business Finance Limited | 15,000 cron 1 Oct | — | 2.0 | ₹506.25 |
| SBFCSBFC Finance Limited | 9,300 cron 1 Oct | — | 2.5 | ₹84.20 |
| PAISALOPaisalo Digital Limited | 7,300 cron 1 Oct | — | 4.1 | ₹79.90 |
| BENGALASMBengal & Assam Company Limited | 6,900 cron 1 Oct | — | — | ₹6,088.00 |
| FEDFINAFedbank Financial Services Limited | 5,600 cron 1 Oct | — | 1.9 | ₹149.75 |
| MASFINMAS Financial Services Limited | 5,000 cron 1 Oct | — | 1.6 | ₹272.85 |
| NORTHARCNorthern Arc Capital Limited | 4,700 cron 1 Oct | — | 1.2 | ₹288.70 |
| SGFINSG Finserve Limited | 4,200 cron 1 Oct | — | 2.9 | ₹631.85 |
| AYEAye Finance Limited | 4,000 cron 1 Oct | — | 1.6 | ₹163.30 |
| INDOSTARIndoStar Capital Finance Limited | 3,300 cron 1 Oct | — | 0.88 | ₹206.35 |
| MUFINMufin Green Finance Limited | 2,600 cron 1 Oct | — | 4.5 | ₹130.60 |
| ARMANFINArman Financial Services Limited | 1,900 cron 1 Oct | — | 2.0 | ₹1,764.40 |
| PFSPTC India Financial Services Limited | 1,900 cron 1 Oct | — | 0.60 | ₹28.80 |
| GRANDOAKGrand Oak Canyons Distillery Limited | 1,800 cron 1 Oct | — | — | ₹34.80 |
| FEDDERSHOLFedders Holding Limited | 1,300 cron 1 Oct | — | — | ₹63.65 |
| UGROCAPUgro Capital Limited | 1,300 cron 1 Oct | — | 0.44 | ₹82.35 |
| AKCAPITAK Capital Services Limited | 1,100 cron 1 Oct | — | — | ₹1,714.10 |
| ZSARACOMSaraswati Commercial India Limited | 1,100 cron 1 Oct | — | — | ₹10,017.00 |
| CRESTCrest Ventures Limited | 1,000 cron 1 Oct | — | 0.77 | ₹362.35 |
| FINKURVEFinkurve Financial Services Limited | 990 cron 1 Oct | — | 2.9 | ₹70.55 |
| CIFLCapital India Finance Limited | 810 cron 1 Oct | — | 1.2 | ₹20.75 |
| ARYAMANAryaman Financial Services Limited | 760 cron 1 Oct | — | — | ₹624.00 |
| MANBAManba Finance Limited | 700 cron 1 Oct | — | 1.7 | ₹139.00 |
| LAXMIINDIALaxmi India Finance Limited | 620 cron 1 Oct | — | 1.3 | ₹119.00 |
| DHUNINVDhunseri Investments Limited | 590 cron 1 Oct | — | 0.17 | ₹967.30 |
| KIRANVYPARKiran Vyapar Limited | 490 cron 1 Oct | — | — | ₹179.20 |
| CSLFINANCECSL Finance Limited | 470 cron 1 Oct | — | 0.76 | ₹208.35 |
| MANCREDITMangal Credit and Fincorp Limited | 460 cron 1 Oct | — | 2.7 | ₹218.95 |
| MONEYBOXXMoneyboxx Finance Limited | 360 cron 30 Sept | — | 1.2 | ₹52.30 |
| AVONMOREAvonmore Capital & Management Services Limited | 360 cron 1 Oct | — | 0.71 | ₹12.80 |
| MUTHOOTCAPMuthoot Capital Services Limited | 360 cron 1 Oct | — | 0.54 | ₹218.10 |
| AFILAkme Fintrade (India) Limited | 350 cron 1 Oct | — | 0.82 | ₹7.85 |
| STARTECKStarteck Finance Limited | 290 cron 1 Oct | — | 1.1 | ₹290.95 |
| CPCAPCP Capital Limited | 260 cron 1 Oct | — | 0.45 | ₹140.85 |
| SAHLIBHFIShalibhadra Finance Limited | 240 cron 1 Oct | — | 1.4 | ₹78.75 |
| ALFREDHEAlfred Herbert India Limited | 220 cron 1 Oct | — | — | ₹2,823.00 |
| TEAMGTYTeam India Guaranty Limited | 210 cron 1 Oct | — | 4.4 | ₹235.10 |
| BAIDFINBaid Finserv Limited | 160 cron 1 Oct | — | 0.69 | ₹10.30 |
| SONALSonal Mercantile Limited | 130 cron 1 Oct | — | — | ₹87.55 |
| ASSAMENTAssam Entrade Limited | 120 cron 1 Oct | — | — | ₹799.00 |
| VGCLVibrant Global Capital Limited | 110 cron 1 Oct | — | — | ₹47.90 |
| OPTIFINOptimus Finance Limited | 110 cron 1 Oct | — | — | ₹14.45 |
| MUKESHBMukesh Babu Financial Services Limited | 90 cron 1 Oct | — | — | ₹128.80 |
| TFLTranswarranty Finance Limited | 65 cron 1 Oct | — | 2.3 | ₹11.80 |
| LADDERUPLadderup Finance Limited | 65 cron 16 Sept | — | — | ₹60.95 |
| ODYCORPOdyssey Corporation Limited | 62 cron 1 Oct | — | — | ₹6.90 |
| ADVIKCAAdvik Capital Limited | 61 cron 1 Oct | — | — | ₹1.00 |
| TRUTruCap Finance Limited | 50 cron 1 Oct | — | 0.98 | ₹4.20 |
| HBSLHB Stockholdings Limited | 41 cron 1 Oct | — | 0.52 | ₹57.05 |
| KJMCFINKJMC Financial Services Limited | 28 cron 1 Oct | — | — | ₹58.40 |
| TCIFINANCETCI Finance Limited | 19 cron 1 Oct | — | — | ₹14.70 |
| ASHIKAGAshika Global Securities Limited | — | — | — | — |
| CAPTRUSTCapital Trust Limited | — | — | — | — |
| RSDFINRSD Finance Limited | — | — | — | — |
| UYFINCORPU. Y. Fincorp Limited | — | — | — | — |
| VIJIFINViji Finance Limited | — | — | — | — |
Promoters hold 54.7%, foreign portfolio investors 18.8%, mutual funds 9.6% and insurance companies 4.8%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 54.67▼ −0.03 pp | 54.700.00 pp | 54.70▲ +0.04 pp | 54.66▼ −0.07 pp | 54.73 |
| Foreign portfolio investors | 18.84▼ −0.37 pp | 19.21▼ −0.12 pp | 19.33▼ −0.14 pp | 19.47▲ +0.18 pp | 19.29 |
| Mutual funds | 9.63▲ +0.87 pp | 8.76▼ −0.33 pp | 9.09▲ +0.20 pp | 8.890.00 pp | 8.89 |
| Insurance companies | 4.81▲ +0.25 pp | 4.56▲ +0.32 pp | 4.24▼ −0.04 pp | 4.28▼ −0.28 pp | 4.56 |
| Banks and financial institutions | 1.95▲ +0.09 pp | 1.86▲ +0.25 pp | 1.61▲ +0.31 pp | 1.30▲ +0.15 pp | 1.15 |
| Individual investors | 7.15▼ −0.10 pp | 7.25▼ −0.09 pp | 7.34▲ +0.06 pp | 7.28▼ −0.12 pp | 7.40 |
| Bodies corporate | 0.900.00 pp | 0.90▼ −0.01 pp | 0.91▲ +0.05 pp | 0.86▼ −0.07 pp | 0.93 |
| Other foreign holders | 1.36▼ −0.76 pp | 2.12▼ −0.04 pp | 2.16▼ −0.34 pp | 2.50▲ +0.08 pp | 2.42 |
| Others | 0.69▲ +0.05 pp | 0.64▲ +0.02 pp | 0.62▼ −0.14 pp | 0.76▲ +0.13 pp | 0.63 |
Nothing upcoming on record; the last was a dividend of ₹6.00 a share, ex-date 30 Jun 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 30 Jun 2026 | dividend | ₹6.00 | 30 Jun 2026 | BSE |
| 16 Jun 2025 | bonus | 4:1 | 16 Jun 2025 | BSE |
| 16 Jun 2025 | split | 2→1 | 16 Jun 2025 | BSE |
| 30 May 2025 | dividend | ₹44.00 | 30 May 2025 | BSE |
| 9 May 2025 | dividend | ₹12.00 | 9 May 2025 | BSE |
| 21 Jun 2024 | dividend | ₹36.00 | 21 Jun 2024 | BSE |
BAJFINANCE is −10.2% over 20 sessions against Nifty's −6.2%, 19% below its 52-week high, realised volatility 31% annualised.
| Window | From ₹ | BAJFINANCE % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹985.14 | ▼ −3.7% | ▼ −9.1% | +5.3 |
| 120 sessionssince 9 Apr | ₹903.23 | ▲ +5.0% | ▼ −5.7% | +11 |
| 60 sessionssince 8 Jul | ₹1,010.44 | ▼ −6.1% | ▼ −6.1% | −0.04 |
| 20 sessionssince 2 Sept | ₹1,055.90 | ▼ −10% | ▼ −6.2% | −3.9 |
| 5 sessionssince 24 Sept | ₹981.98 | ▼ −3.4% | ▼ −2.8% | −0.65 |
| 1 sessionsince 30 Sept | ₹959.43 | ▼ −1.2% | ▼ −0.88% | −0.28 |
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