Bajaj Housing Finance Surges 4.41% to ₹129.71 – Strong Recovery Signals Renewed Optimism
Bajaj Housing Finance Ltd. rallied 4.41% in today's trade, outperforming peers with a strong price jump to ₹129.71. Here’s what’s driving the stock and what investors should watch ahead.
Table of Contents
On April 16, 2025, Bajaj Housing Finance Ltd. (NSE: BAJAJHFL) staged an impressive rally, climbing 4.41% to settle at ₹129.71, up by ₹5.48 from the previous close of ₹124.23.
The stock outperformed several other non-banking finance peers, demonstrating strong investor confidence in the housing loan and real estate finance space, especially at a time when real estate activity is picking up pace in urban India.
Intraday Movement & Technical Snapshot
| Parameter | Value |
|---|---|
| Open | ₹124.75 |
| High | ₹131.40 |
| Low | ₹123.84 |
| Previous Close | ₹124.23 |
| LTP (Last Traded Price) | ₹129.71 |
| Price Change | +₹5.48 |
| % Change | +4.41% |
The share showed significant volatility in the morning session, but picked up bullish momentum toward the late morning hours, briefly touching the intraday high of ₹131.40 before settling slightly lower.
Valuation & Market Indicators
- Market Cap: ₹1.08 Lakh Crore
- P/E Ratio: 49.15 – relatively high, suggesting a premium valuation
- Dividend Yield: NA (yet to declare recent dividend)
- 52-Week High: ₹188.50
- 52-Week Low: ₹103.10
Bajaj Housing Finance is currently trading at a mid-range between its 52-week low and high, signaling potential upside if broader sentiment remains bullish.
What’s Fueling the Optimism?
The recent surge is attributed to a mix of technical triggers and sectoral sentiment, including:
- Renewed demand for housing loans in Tier-1 and Tier-2 cities
- Expectations of Q4 results revealing stable loan book growth
- Recovery in the NBFC sector amid easing inflationary pressure
- Continued low interest rate regime by the RBI supporting retail borrowing
Sectoral View: NBFCs & Housing Finance
The housing finance industry is receiving tailwinds from:
- The resilient real estate market, particularly in affordable housing
- Government support through PMAY (Pradhan Mantri Awas Yojana) extensions
- Optimism over FY26 credit growth forecasts
Competitors like LIC Housing Finance and PNB Housing Finance also saw minor gains, but Bajaj Housing Finance outshone the segment today.
Analyst Take: Bullish or Overstretched?
Many technical analysts are viewing today’s rally as a technical breakout from the ₹125 resistance zone. Here’s a quick summary of what they’re saying:
Bullish Signals:
- Strong volume buildup
- Clean breakout above 20-day and 50-day moving averages
- Healthy RSI levels between 60–70, indicating room to run
Cautionary Flags:
- High P/E ratio
- Profit-booking around ₹130 resistance possible
- Lack of dividend yield could deter conservative investors
Peer Comparison
| Company | Price (₹) | P/E Ratio | Mkt Cap (₹ Cr) |
|---|---|---|---|
| Bajaj Housing Finance | 129.71 | 49.15 | 1.08L |
| LIC Housing Finance | 519.60 | 9.7 | 27,140 |
| PNB Housing Finance | 681.25 | 6.3 | 11,960 |
| HDFC Ltd (merged entity impact) | 2,610.00 | 18.8 | 5.9L |
Bajaj Housing Finance trades at a significant valuation premium, justified by its strong parentage under Bajaj Finserv, technology-driven operations, and relatively low NPAs.
Investor Sentiment: Positive with Scope for Further Upside
Retail and institutional interest has picked up over the last few weeks. FII inflows into financials also contribute to positive sentiment. However, profit-booking around ₹132–135 remains a near-term risk.
Expert Commentary
“Bajaj Housing Finance’s strong balance sheet, tech-driven lending model, and low-risk loan book make it one of the most premium picks in the housing finance space. Today’s 4% rally reflects the market’s recognition of this advantage.”
– Suresh Rao, Equity Strategist, Axis Securities
Final Verdict: Should You Buy?
Investors with a medium- to long-term horizon can consider fresh entries around ₹127–₹130 if the stock consolidates. Watch for Q4 results to add further momentum. Short-term traders should maintain stop-loss at ₹125.
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