Fundamentals---
Bajaj Finserv, on July 21, reported a nearly 44 percent year-on-year (YoY) jump in Q1 FY21 consolidated net profit at Rs 1,215 crore. On a quarter-on-quarter (QoQ) basis, profit jumped over six times.
Consolidated total income for the quarter under review stood at Rs 14,192 crore, up 16 percent YoY. On a QoQ basis, income was down 7 percent.
However, the company's arm Bajaj Finance's consolidated profit after tax dropped 19 percent YoY to Rs 962 crore. Total income for Q1 FY21 increased 14 percent to Rs 6,650 crore
Bajaj Finserv, on July 21, reported a nearly 44 percent year-on-year (YoY) jump in Q1 FY21 consolidated net profit at Rs 1,215 crore. On a quarter-on-quarter (QoQ) basis, profit jumped over six times.
Consolidated total income for the quarter under review stood at Rs 14,192 crore, up 16 percent YoY. On a QoQ basis, income was down 7 percent.
However, the company's arm Bajaj Finance's consolidated profit after tax dropped 19 percent YoY to Rs 962 crore. Total income for Q1 FY21 increased 14 percent to Rs 6,650 crore
Comment:
subsidiary baja finance reported loss and chairman step down, should have shorted that, but none the less both charts follow same price action......
Comment:
trade working as expected, trailing stop loss about 60%
Comment:
bringing stop loss even more closer to entry , decreasing volume could mean buying pressure may arrive, but im leaning towards bearish side considering other things.....
Comment:
as expected there were decent buys overall, but volume is still below average.....and most of the finance stocks were in the green today (28 jul)....
still leaning towards bearish side.....
still leaning towards bearish side.....
Trade closed: target reached:
trading within a range.. getting out with 3.4 % profit