Bajaj Housing Finance Shares Dive 6% Today; Should You Consider Buying?

Shares of Bajaj Housing Finance Ltd slumped 6.28 per cent successful Friday's waste and acquisition to deed a debased of Rs 125.50. The banal was past seen trading 5.18 per cent down astatine Rs 125.40. At this price, it has shed 1.49 per cent connected a year-to-date (YTD) basis.

The protector lender recorded a 54 per cent year-on-year (YoY) maturation successful its profit aft taxation (PAT) for nan March 2025 quarter. During nan 4th nether review, profit came astatine Rs 587 crore arsenic against Rs 381 crore successful nan corresponding play past twelvemonth (Q4 FY24).

The non-bank financial company's (NBFC's) nett liking income roseate astir 24 per cent to Rs 2,374 crore successful Q4 FY25 compared to Rs 1,908 crore successful nan year-ago period. Total expenses climbed astir 19 per cent to Rs 1,788 crore from Rs 1,508.28 crore successful nan aforesaid 4th a twelvemonth ago.

As of March 31, 2025, gross NPA (non-performing asset) and nett NPA stood astatine 0.29 per cent and 0.11 per cent, respectively, arsenic against 0.27 per cent and 0.10 per cent successful Q4 FY24.

A fewer marketplace experts mostly remained affirmative connected nan counter. One of them said Bajaj Housing is offering a decent 'Buy' from a semipermanent view.

"Bajaj Housing Finance is offering a bully buying action from a semipermanent finance position of view. We judge it offers bully prospects astatine present. Investors will request to person a batch of patience and enactment invested arsenic nan banal is not inexpensive astatine this constituent of clip connected nan valuation front. You request to bargain it, hold and past astir apt get nan use retired of nan finance period," Deven Choksey, MD of DR Choksey FinServ, told Business Today.

"The banal has imaginable to deed an upside target of Rs 150 successful nan adjacent term. Keep a extremity nonaccomplishment placed astatine Rs 128 for this trade," said Ravi Singh, SVP - Retail Research astatine Religare Broking.

"Support will beryllium astatine Rs 120 and guidance astatine Rs 137. A decisive move supra Rs 137 level whitethorn trigger a further upside towards Rs 142. The expected trading scope will beryllium betwixt Rs 120 and Rs 142 for nan short term," said Jigar S Patel, Senior Manager - Technical Research Analyst astatine Anand Rathi.

Technically, nan antagonistic traded little than nan 5-day elemental moving mean (SMA) but higher than nan 10-day, 20-, 30-, 50-, 100-day and 150-day elemental moving averages (SMAs). Its 14-day comparative spot scale (RSI) came astatine 61.15. A level beneath 30 is defined arsenic oversold while a worth supra 70 is considered overbought.

Bajaj Housing Finance -- a portion of Bajaj Group -- is simply a non-deposit-taking lodging finance institution (HFC) registered pinch nan National Housing Bank (NHB). As of March 2025, promoters held an 88.75 per cent liking successful nan Bajaj Group entity.

Published on: Apr 25, 2025 10:18 AM IST