Understanding Bajaj Housing Finance Ltd’s Stock Movement
Stock Performance
Shares of Bajaj Housing Finance Ltd went down on Thursday after a brief increase. The stock closed at Rs 125.65, which was close to its all-time low of Rs 124.95. It has dropped by 33.33% from its highest value of Rs 188.45 earlier this year.
Investment Outlook
Experts suggest that investors can consider Bajaj Housing Finance for the long term due to its strong background and earnings potential. Any rate cuts by the Reserve Bank of India could benefit housing finance companies like Bajaj Housing in the near future.
Financial Performance
In the second quarter of the fiscal year 2025, Bajaj Housing Finance saw a 20.95% increase in its net profit compared to the previous year. Revenue from operations also went up by 26.09% during the same period.
Technical Analysis
According to experts, the stock may face further decline if it drops below Rs 125. On the other hand, a move above Rs 130 could lead to an upward trend. The stock is currently trading below its moving averages and has a relative strength index of 38.48.
Company Overview
Bajaj Housing Finance is a housing finance company under the Bajaj Group. Promoters hold a majority stake in the company. It is registered with the National Housing Bank.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.