#BajajFinance #Overvalued valuation time to #short
It's no surprise that some of the companies on NSE Index are currently priced at extremely rich valuations and Bajaj Finance fits that criteria, in my opinion, perfectly.
Fundamentally, the company is valued at 65,000 crore market cap which makes it almost as big as two of the largest lenders in India, Bank Of Baroda and Punjab National Bank combined.
Technically, in my opinion the bullish momentum is phasing out and we may see a downside of atleast 4% in the coming days.
Fundamentally, the company is valued at 65,000 crore market cap which makes it almost as big as two of the largest lenders in India, Bank Of Baroda and Punjab National Bank combined.
Technically, in my opinion the bullish momentum is phasing out and we may see a downside of atleast 4% in the coming days.