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.
Bajaj finance has always traded at high valuation given its growth and brand
Very unlikely that it will come down heavily
4% or 6% down side may not be there as at low levels buyers will catch it. In fact with RBI policy, I expect it to trade above 1200. It has completed its mild correction.