Bajaj Housing Finance stock may drop 21%: Kotak report
Financial Express Chennai|January 04, 2025
NOTING THAT ITS current expensive valuations pose a downside risk to Bajaj Housing Finance, Kotak Institutional Equities has initiated coverage on the stock with a 'sell' rating and a target price of ₹100. This signals a potential downside of 21% in the stock, it said.
FE BUREAU

"Bajaj Housing Finance trades rich (4.7X book and 39X earnings FY26E), posing a downside risk (21% to our fair value of ₹100) and drives our 'sell' rating," the domestic brokerage firm said, adding that a high growth runway, parent Bajaj Finance's exceptional execution track record, and a clean asset quality over the years are the key positives for the firm.

Diese Geschichte stammt aus der January 04, 2025-Ausgabe von Financial Express Chennai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der January 04, 2025-Ausgabe von Financial Express Chennai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS FINANCIAL EXPRESS CHENNAIAlle anzeigen
Financial Express Chennai

HMPV: Centre asks states to step up surveillance of respiratory illnesses

Two suspected cases of the virus were reported from Nagpur, taking the total number to seven

time-read
1 min  |
January 08, 2025
Financial Express Chennai

Nvidia Unveils New Tech for Gamers

● Also announces first desktop PC

time-read
1 min  |
January 08, 2025
Financial Express Chennai

Samsung CEO touts AI fridges & washers

SAMSUNG ELECTRONICS IS ramping up investment in AI for consumer electronics, betting on its ubiquitous presence in gadgets from smartphones to TVs to help it stake out a spot in the AI arena.

time-read
1 min  |
January 08, 2025
Financial Express Chennai

Only 1 in 5 Sees Household Income Rising in '25: Study

ONLY 24% OR 1 out of every 5 Indians expects their household income to rise in 2025, a survey released on Tuesday showed.

time-read
1 min  |
January 08, 2025
Financial Express Chennai

Orbit, Sanabil Launch Startups' Accelerator

ORBIT STARTUPS (ORBIT) and Sanabil Investments have launched an accelerator programme to cultivate early-stage startups from the Saudi Arabia and the Middle East and North Africa (MENA) region as well as global startups seeking to expand into the region.

time-read
1 min  |
January 08, 2025
Financial Express Chennai

Growth engine runs out of steam

THAT REPRESENTS A loss of 6.4% growth over the period, against an average annual growth of 6%.

time-read
3 Minuten  |
January 08, 2025
Financial Express Chennai

BPCL board clears ₹1K-cr MNGL IPO

THE BOARD OF state-owned Bharat Petroleum Company has given an in-principle approval for the listing of Maharashtra Natural Gas (MNGL)—its joint venture company with GAIL and Indraprastha Gas, the company said on Tuesday.

time-read
1 min  |
January 08, 2025
Financial Express Chennai

Vi planning phased 5G rollout, says CEO

VODAFONE IDEA is preparing for a phased 5G rollout, and will launch new tariff plans in 2025, the telco's CEO Akshay Moondra wrote to Vi customers in an emailed new year greeting.

time-read
1 min  |
January 08, 2025
Financial Express Chennai

Merges chaos of mela with efficiency of online market

Why the campaign rocks:

time-read
1 min  |
January 08, 2025
Financial Express Chennai

The cost of consent

The proposed DPDP Rules challenge marketers to rethink strategy

time-read
3 Minuten  |
January 08, 2025