These 3 Bajaj-group stocks look weak on charts; can fall by another 16%

Technical charts show that shares of Bajaj Finance, Bajaj Finserv and Bajaj Electricals from the Bajaj-group companies are likely to trade with a tepid bias in the upcoming trading sessions.

These 3 shares of Bajaj-group stocks could witness downward pressure in the near-term, suggests technical charts. Bajaj Finance, Bajaj Finserv and Bajaj Electricals - are part of the Bajaj group founded by Shri Jamnalal Bajaj in the year 1926.  Recently, shares of Bajaj Finance and Bajaj Finserv took a sharp hit after these non-banking finance companies (NBFCs) announced their Q1 earnings. The former has shed 9 per cent in the last three trading sessions, while the latter declined 5.5. per cent in the last four days.  On the earnings front, Bajaj Finance reported a