Add Bajaj Housing on dips, but upside negligible in 1 year: IIFL Securities
IIFL Securities has initiated coverage on Bajaj Housing Finance with an βaddβ rating and a target price of Rs 125, noting that while the companyβs growth trajectory is impressive, the near-term upside on a one-year horizon remains negligible. The brokerage recommends the stock for long-term investors looking to add during price corrections. The brokerage underscored…
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Bajaj Finserv shares in focus ahead of Q2FY25 earnings today
Shares of Bajaj Finserv are likely to remain in focus on Wednesday as the company will announce its September quarter earnings later today. The promoter company of Bajaj Finance and Bajaj Housing Finance had reported a 10% year-on-year (YoY) increase in its consolidated profit after tax (PAT) to Rs 2,138 crore for the quarter ended…
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Sensex jumps over 150 points, Nifty tops 24,826; banks lead gains
Indian benchmark equity indices Sensex and Nifty50 opened marginally higher on Tuesday, amid weak global cues, driven by gains in index heavyweights ICICI Bank, Infosys, and Reliance Industries. The BSE Sensex rose 171 points, or 0.21%, to 81,323, while the Nifty50 gained 45 points, or 0.18%, trading at 24,826 at around 9:19 am. From the…
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Bajaj Housing Finance shares snap 2-day losing streak, jump 5%
Bajaj Housing Finance shares broke their two-day losing streak, jumping 5% on the BSE in Friday’s trade, reaching an intraday high of Rs 168, renewing investor interest after the recent decline. The stock is currently sitting on gains of 140% since its listing against its issue price of Rs 70 per share. Soon after its…
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IT stocks drag Sensex, Nifty lower ahead of Fed meet outcome
Ahead of the crucial US Fed meeting outcome tonight in which Jerome Powell is likely to kickstart the rate cut cycle, Dalal Street is adopting a cautious wait and watch mode. Sensex and Nifty opened on a flat note with profit booking seen in IT stocks. Oil and gas stocks were in focus as the…
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Bet on these 5 NBFCs as highly-anticipated rate cuts promise windfall for investors
With interest rate cuts almost certain in the current calendar year, non-banking lenders are poised to benefit the most, offering better risk-reward ratio in the current market conditions. The US Federal Reserve is expected to initiate a rate-cut cycle, either in its latest meeting or the following one. Once the Fed begins easing key interest…
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Sensex, Nifty trade lower as investors stay on sidelines ahead of US Fed meet
With traders keeping their cards close to their chests as the two-day crucial meeting of the US Fed begins tonight, Sensex and Nifty opened on a muted note with buying seen in FMCG stocks. Britannia, Tata Consumer and HUL were trading 1% higher each while Tata Motors fell over 2% after 1.9 crore shares of…
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Bajaj Housing Finance shares up 10% after ending 136% higher on listing day, PhillipCapital sees another 27% upside potential
After ending its listing day 136% higher than the issue price of Rs 70 per share, Bajaj Housing Finance (BHFL) shares rallied another 10% today to Rs 181.48 on BSE. Post-listing, domestic brokerage firm PhillipCapital has also initiated coverage on the stock with a target price of Rs 210. PhillipCapital is the first brokerage to…
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Multibagger on Listing! Bajaj Housing Finance shares list at 114% premium over IPO price
The shares of Bajaj Housing Finance listed on the exchanges with a premium of 114% on Monday. The stock debuted at Rs 150 on both BSE and NSE against an issue price of Rs 70. Ahead of the listing, the company’s shares traded with a GMP of 120% to the issue price. The Rs 6,560…
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