Tue Sep 17 03:59:56 UTC 2024: ## Bajaj Housing Finance Receives First ‘Buy’ Call, PhillipCapital Sees 27% Upside
**Mumbai, India** – Bajaj Housing Finance Ltd (BHFL) has received its first “Buy” call from PhillipCapital, which predicts a 27% upside for the stock. This bullish outlook comes after the company was recently listed and admitted to dealings on the Bombay Stock Exchange (BSE) on September 16th.
The company’s shares opened slightly lower on Monday, but have since risen by 9.99% to Rs 181.48, exceeding its 52-week high of Rs 181.48. BHFL’s market capitalization currently stands at Rs 1,51,139 crore.
For the quarter ended June 2024, BHFL reported a consolidated profit of Rs 482.61 crore on a total income of Rs 2,208.73 crore. The company’s financial performance has attracted the attention of analysts, who are optimistic about its future growth potential.
PhillipCapital’s “Buy” call signals a positive sentiment towards the company, adding to the recent positive developments surrounding BHFL. The analysts believe the stock is undervalued and has the potential for significant growth.
Investors will be closely watching BHFL’s performance in the coming months to see if it can live up to the expectations set by PhillipCapital and deliver the anticipated returns.
First Piper 