Stocks to Watch on Friday, April 5, 2024: Shares of financial, automobile, and real estate companies would be on radar as the RBI is set to announce the first repo rate decision of FY25
As per reports, the company is planning an IPO of its housing finance arm, Bajaj Housing Finance (BHFL) at a valuation of Rs 80,000-85,000 crore.
Brokerage firm BNP Paribas India initiated coverage on the stock with outperform rating and a target price of Rs 9,040.
Nomura's analysis reveals that India's beat-to-miss ratio stands at 13 per cent, second only to Indonesia, which is at 38 per cent
Electoral bonds: SBI has issued electoral bonds worth Rs 16,518 crore in 30 tranches since the inception of the scheme in 2018
Among the frontline NBFCs, Bajaj Finance looks interestingly poised, with the stock attempting to form a bottom following a 17 per cent decline since mid January, suggests technical chart.
Shares of Bajaj Finance settled 4.17 per cent lower on Tuesday at Rs 6,325.25 per share, amid a sharp downturn in the second half of the session
Their average one-year target price is Rs 8,762.3, indicating a potential upside of over 30 per cent from Thursday's closing of Rs 6,673.95
Shares of RIL, the country's most valuable firm, fell 2.8 per cent and made a 246-point contribution to the Sensex decline
Shares of the Bajaj Group company tumbled 5.3 per cent to Rs 6,806 per share on the BSE in Tuesday's intraday trade
Stocks to watch on January 30, 2024: Epack Durable will make its market debut today. The issue price is fixed at Rs 230
The net interest margin continues to soften gradually on account of the lagged effect of the cost of funds increase, in Q3 FY24, BFL said in a statement
Consolidated numbers include the businesses of the lender's subsidiaries, Bajaj Housing Finance and Bajaj Financial Securities
Stock market highlights on Monday, January 29: Tata Motors (up 3.7 per cent), Power Grid, L&T, NTPC, Kotak Bank, Ultratech Cement, Titan, Sun Pharma, Axis Bank, and HDFC Bank were other top gainers
NBFC reported 26% rise in new loans during the December quarter
In Q3FY24, the company's AUM improved by nearly Rs 20,700 crore
Among individual shares, Bajaj Finance and Bajaj Finserv look ripe for further upside, while Bajaj Auto may witness some consolidation in the near-term, hint charts.
This, he wrote in his weekly note, GREED & fear, will be paid for by reducing the existing investments in Bajaj Finance, Oil & Natural Gas Corporation (ONGC), and Reliance Industries (RIL)
Jio Financial, which was carved out of Reliance Industries, is in the process of getting its credit rating and other necessary approvals
Last week, the Reserve Bank of India (RBI) ordered Bajaj Finance to stop issuing new loans through its 'eCOM' and 'Insta EMI Card' due to non-compliance with the digital lending guidelines.