BAJAJ HOUSING FINANCE | TECHNO-FUNDA ANALYSIS

Bajaj Housing Finance Ltd – 1D

Trend: Weak and in a steady downtrend. The stock continues to form lower highs and lower lows, indicating sustained selling pressure. Currently trading near its major support zone, a breakdown below ₹105 could accelerate further downside. Key Levels - Major Support Level: ₹104.97 Immediate Resistance (Supply Level): ₹117.11 Next Supply Zone: ₹124.01 Higher Supply Zone: ₹128.31 IPO Base Breakout Level: ₹136.92 Fundamentals (Key Points): 🏠 Strong promoter backing from Bajaj Finance, lending stability and credibility. 💰 Consistent AUM growth but profitability under mild pressure due to higher funding costs. 📊 Well-capitalized NBFC with strong credit rating and adequate liquidity buffers. 📉 Valuation stretched at IPO levels; post-listing correction aligning valuations closer to peers. 🔍 Outlook depends on borrowing cost management and steady loan growth in housing finance. Final Verdict: Cautious to Bearish — Price hovering near crucial support; a close below ₹105 may lead to deeper correction. Avoid fresh entries until reversal confirmation or sustained close above ₹117.