Bajaj Housing Finance
The bull frenzy around Bajaj Housing Finance, which saw overwhelming demand in the primary market, continued with a blockbuster debut on the bourses and shows no signs of slowing down. The Street remains largely bullish, with target price estimates predicting a 24 percent upside from the current Rs 181 levels, as the stock has surged 159 percent above its issue price of Rs 70.
Brokerages have initiated ‘buy’ calls, highlighting the strong management pedigree that positions the company as the next ‘HDFC,’ with superior asset quality and AUM growth compared to its peers.
Narinder Wadhwa, Managing Director of SKI Capital, has set a target price of Rs 225, driven by confidence in the company’s future earnings and growth. He also believes Bajaj Housing Finance could capitalize on the HDFC-HDFC Bank merger to tap into the land financing market previously dominated by HDFC.
Bajaj Housing Finance Share Price Updates
Phillip Capital predicts a 16% upside for Bajaj Housing Finance, emphasizing the game-changing impact of its popular Rs 50 lakh loan size, covering 65% of India’s home loan originations. They project Bajaj Housing’s balance sheet to expand to Rs 2 lakh crore within three years, up from Rs 81,830 crore in FY24. The firm also values the company at 6.5 times its projected book value for September 2026, reinforcing its bullish outlook on future growth.
The brokerage firm was the first to issue a ‘buy’ rating on Bajaj Housing Finance. Its premium valuations raised questions, with the stock trading at a price-to-book (PB) ratio of 5.2x, far exceeding its peers: Home First Finance at 3.6x, Aptus Home Finance at 3.3x, Aavas Financiers at 2.8x, Aadhar Housing Finance at 2.4x, and LIC Housing Finance at just 1x. This premium reflects strong investor confidence in Bajaj Housing’s growth potential.
Read More: Bajaj Housing Finance Share Price: Details about its Stock Listing Price in NSE and BSE
FAQs
What’s the Current Share Price for Bajaj Housing Finance?
Rs. 174.75/share
