Bajaj Housing Finance Ltd Share Price

TURTLEMINT, BAJAJ HOUSING FINANCE RISE UP TO 4% AS JEFFERIES INITIATES COVERAGE ON STOCKS

Shares of Turtlemint Fintech Solutions and Bajaj Housing Finance gained 4% and 1.6%, respectively, on August 20 after global brokerage Jefferies initiated coverage on both stocks with a ‘Buy’ rating. They Turtlemint’s position in India’s rapidly expanding Point-of-Sales-Person insurance distribution channel. POSP currently accounts for around 6% of insurance premiums, with Turtlemint ranking as the third-largest player and commanding an estimated 20% share of the segment, according to the brokerage. Turtlemint’s granular POSP network and technology platform support stronger profitability despite the company’s relatively smaller scale. The brokerage expects a three-year revenue CAGR of 38%. It also expects increasing scale to help Turtlemint turn profitable, with adjusted EBITDA margins projected to reach 10%, compared with a loss in FY26. Turtlemint’s consolidated net loss narrowed to ₹37.78 crore the year-ago quarter. Revenue from operations rose 40% year-on-year. Platform premium increased 49.8% year-on-year, Platform premium represents the total premium and consideration received on insurance policies issued or renewed by insurers through Turtlemint’s platform. For Bajaj Housing Finance, Jefferies said the company, India’s second-largest housing finance company and a key player in the mass-affluent segment, could deliver a peer-leading 23% CAGR in assets under management. The brokerage expects spreads to moderate and bottom out in FY27, while operating leverage and lower credit costs are likely to cushion earnings. They also described the company’s asset quality as best-in-class, noting that it has the lowest gross Stage 3 ratio among its peers. Bajaj Housing Finance to deliver a 20% EPS CAGR and achieve a return on assets of 2% and return on equity of 13.6%. However, They noted that the stock’s premium valuation of 2.6 times its March 2027 book value could limit further upside.

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Bajaj Housing Finance: Strong Business, Weak Stock

Bajaj Housing Finance offers a clear lesson: a strong business can still give poor stock returns when its valuation is too high for investors. The stock has fallen about 55% from its peak, even as the lender continues to expand. In Q1 FY27, profit after tax rose 23% year-on-year to ₹715.28 crore, while total income increased 16% to ₹1,175 crore. Net interest income grew 9% to ₹968 crore. Quarterly disbursements reached a record ₹19,509 crore, up 33%, and assets under management rose 24% to ₹1,49,624 crore. Return on average equity improved to 12.5% from 11.6% a year earlier. Growth was broad-based. Home loans rose 20% to ₹80,865 crore. Lease rental discounting grew 41% to ₹34,604 crore, while developer finance increased 19% to ₹17,002 crore. Loans against property also grew 22%. Asset quality remains a major positive. Gross NPA was 0.29% and net NPA 0.12%. Provisions fell 58% to ₹16 crore, while the capital adequacy ratio stood at 21.59%. Operating efficiency improved, with expenses falling to 19.6% of net total income from 21.2%. The main risk is profitability. Net interest margin slipped to 3.7% from 3.8% in Q4 FY26. Management expects another 20–25 basis-point compression in FY27 as portfolio yields normalise. Competition from banks, funding costs and a lower-yielding loan mix may limit earnings growth. For shareholders, the fall is painful because it has reduced wealth and shows that the market is no longer willing to pay an extreme premium. However, it could improve long-term value if earnings compound and the valuation becomes reasonable. Investors should track asset quality, margins, return on equity and sustainable growth, not the 55% fall alone. The business remains strong, but the stock becomes attractive only when its price provides a margin of safety.

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Bajaj Finance shares fell sharply today—down about 5–6%

Bajaj Finance shares fell sharply today—down about 5–6%—after the Reserve Bank of India issued draft norms restricting NBFCs from offering revolving credit facilities. The stock closed near ₹1,075 on NSE, marking its second consecutive day of losses. 📉 Market Snapshot (as of August 7 2026) Metric Latest Value Change Trend NSE Price ₹1,076.80 −5.94% Bearish BSE Price ₹1,075.65 −6.46% Bearish Day Range ₹1,075 – ₹1,120 High volatility 52‑Week Range ₹787.92 – ₹1,177.60 Near lower band Volume (NSE + BSE) 21.8 M Above average selling pressure 🧾 RBI Draft Norms Impact New Rule: NBFCs can only offer term loans; revolving credit (flexi‑loans) banned except for credit‑card issuers. Objective: Reduce borrower stress and improve asset quality. Brokerage Views: Bernstein: Sees 15–20% impact on Bajaj Finance’s AUM; asset quality risk is key. IIFL: Expects profitability and customer growth to be hit due to loss of flexi‑loan products. Timeline: Comments open until August 28 2026; rules to take effect once notified. 💰 Financial Performance (Q1 FY27 – June 2026) Metric Value YoY Change Revenue ₹23,165.45 Cr ↑ 18.65% Net Profit ₹5,985.75 Cr ↑ 27.37% EBITDA ₹16,373.53 Cr ↑ 20.96% EPS ₹9.62 ↑ 27% AUM Growth +29% YoY Strong loan book expansion Despite solid earnings, sentiment turned negative after the RBI’s announcement, overshadowing strong fundamentals. ⚙️ Sector Context NBFC Peers Affected: Bajaj Finserv (−4.4%), Shriram Finance (−3.8%), Trent (−3.3%). Banks: Limited direct impact but possible spillover risks if borrower stress emerges. Macro Backdrop: Crude oil above $80 a barrel and weak global sentiment dragged indices lower—Sensex −500 pts, Nifty below 24,550. 📈 Technical Outlook Level Price Comment Support ₹1,050 Key near‑term floor Resistance ₹1,120 Reversal zone Trend Bearish short‑term Long‑term still bullish on fundamentals

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BAJAJ HOUSING FINANCE

: CO ASSETS UNDER MANAGEMENT GREW BY 24% Y/Y AS OF 30 JUNE 2026, || GROSS DISBURSEMENT 195 BLN RUPEES IN Q1 FY27

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EV Industry in Focus: Key Takeaways

1. Financing Access Remains Critical: The EV industry has urged the government to improve access to affordable financing, as high upfront vehicle costs continue to be a major barrier to wider electric vehicle adoption. 2. Demand for Payment Security Mechanisms: Industry players are seeking stronger payment protection frameworks to reduce credit risks, improve cash flows, and support manufacturers, suppliers, and charging infrastructure operators. 3. Boost to EV Ecosystem Growth: Easier financing and enhanced payment security could accelerate investments across the EV value chain, including vehicle manufacturing, batteries, charging networks, and fleet electrification. 4. Supports India’s Clean Mobility Goals: The proposed measures are expected to drive faster EV penetration, strengthen domestic EV manufacturing, reduce dependence on fossil fuels, and help India achieve its sustainability and emission reduction targets.

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Update for investors of

is currently trading at Rs. 84.40, up by 0.99 points or 1.19% from its previous closing of Rs. 83.41 on the BSE. The scrip opened at Rs. 83.40 and has touched a high and low of Rs. 86.39 and Rs. 83.35 respectively. So far 321887 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 128.40 on 09-Jun-2025 and a 52 week low of Rs. 72.60 on 30-Mar-2026. Last one week high and low of the scrip stood at Rs. 89.18 and Rs. 81.85 respectively. The current market cap of the company is Rs. 70316.57 crore. The promoters holding in the company stood at 86.70%, while Institutions and Non-Institutions held 2.16% and 11.13% respectively. Bajaj Housing Finance has raised Rs 1,991.83 crore through the allotment of 2,00,000 Secured Redeemable Non-Convertible Debentures (NCDs), at face value of Rs 1,00,000 each, on private placement basis. The Debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE. The Debenture Allotment Committee of the Company has at its meeting held on June 5, 2026, allotted the same. Bajaj Housing Finance is a non-deposit taking Housing Finance Company registered with the National Housing Bank, offering tailored financial solutions for purchasing and renovating residential and commercial properties.

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