Bajaj twins need to sustain these key levels to prevent extended selloff

The broader trend in Bajaj Finance and Bajaj Finserv stocks has turned weak and if both these stocks fail to rebound overcoming key levels, the sell-off could intensify.

Bajaj Finance reported its strongest-ever loan book growth in the recently concluded December quarter.

Despite this, its share price took a hit and extended losses into Friday’s trade as the assets under management (AUM) growth came below expectations. 
 

Shares of Bajaj Finance slipped over 2 per cent on Friday, after plummeting 7 per cent on Thursday. The sell-off also extended in Bajaj Finserv shares, which fell 1.70 per cent post dipping 5 per cent in yesterday’s session.

Bajaj Finance reported 7.8 million new loans book for the Q3FY23, up 5.4 per cent compare to the previous year. It also saw