Analysts on Monday attributed the blockbuster debut of Bajaj Housing Finance Ltd (BHFL) on the bourses to its strong fundamentals and the brand 'Bajaj', and said it could emerge as a long-term wealth creator. The firm's consistent growth, coupled with its reasonable valuation, made it a highly attractive investment proposition, they said, adding that investors could book partial profits around the ₹150 a share level.
Ambareesh Baliga, an independent market analyst, said going ahead investors should continue to hold the stock for some time.
"We have seen an IPO coming from the Bajaj Group after a really long time. BHFL is a long-term bet and investors may hold it for some time as positive momentum may continue in the stock as long a overall sentiment remains buoyant," he said.
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