look news india
Bajaj Housing Finance Share Price: Shares of Bajaj Housing Finance were listed at a whopping 114 per cent premium on September 16. The stock price hit a 10 per cent bullish circuit for two consecutive days.
However, now investors of Bajaj Housing Finance are booking profits at higher levels. Today, the company's shares fell by about 7 percent in the Indian stock market. Today, the company's share price fell by Rs 13.58 or 7.82 percent to Rs 160.11 on the Bombay Stock Exchange (BSE). The intra-day low was Rs 156.33 and the highest was Rs 175.78.
Market experts believe that the valuation of Bajaj Housing stock is very high. Other housing finance stocks are quite cheap. Under these circumstances, it would not be surprising if Bajaj Housing shares decline in the next short term.
On the other hand, domestic brokerage firm PhillipCapital has covered Bajaj Housing Finance with a target price of Rs 210. He says that non-banking financial companies are preferred in the long term.
Especially for a loan ticket size of Rs 50 lakh. Further, according to VLA Ambala, co-founder of SMT and SEBI-registered research analyst, investors should wait for the stock to fall to Rs 130. According to him, the target price of the stock in the long term is Rs 300 to Rs 800.