India's Bajaj Housing Finance gains on Q4 profit rise, but analysts flag growth worries

Bajaj Housing Finance

24/04/2025 07:46

** Shares of Bajaj Housing Finance Ltd BAJO.NS rise 1.5% to 133.8 rupees

** Mortgage lender reported 54% jump in Q4 profit, helped by lower credit costs

** However, analysts flag growth challenges as residential project launches slow down and competition with banks intensifies

** Goldman Sachs maintains "sell", says BAJO's current price bakes in sustained compounded loan growth of over 25%, which is unlikely and makes stock expensive

** Adds, with competition intensifying in FY26 and housing launches slowing, BAJO will see limited marker share gains

** Ambit Capital also maintains "sell" on costly valuations, says foray into affordable housing "is unlikely to move the needle on growth"

** Analysts tracking stock rate it "buy" on avg - data compiled by LSEG

** BAJO up 5% YTD

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))