Tue Sep 17 04:23:07 UTC 2024: ## Bajaj Housing Finance Gets First ‘Buy’ Call, Shares Surge 8.67%

**Mumbai, India (September 17, 2024):** Bajaj Housing Finance Ltd (BHFL) saw its shares surge by 8.67% on Tuesday, reaching Rs. 179.29 at 09:43 AM IST, following a positive ‘Buy’ call from PhillipCapital. The investment firm believes BHFL has a potential upside of 27%.

The strong performance comes as BHFL recently received a listing upgrade, moving into the ‘B Group’ category on the Exchange effective September 16, 2024.

BHFL boasts a market capitalization of Rs. 1,49,315 crore, with a 52-week high of Rs. 181.48 and a low of Rs. 147.00. The company reported a profit of Rs. 482.61 crore on a total income of Rs. 2,208.73 crore for the quarter ended June 2024.

BHFL is a major player in the Financials sector, with peers including Jio Financial, I R F C, Power Fin.Corpn., Bajaj Housing, REC Ltd, Cholaman.Inv.&Fn, and Shriram Finance.

**Key Takeaways:**

* BHFL shares climb on strong ‘Buy’ call from PhillipCapital.
* The company sees potential for a 27% upside.
* BHFL has been upgraded to ‘B Group’ listing on the Exchange.
* The company remains profitable, reporting strong earnings for the quarter.

This news reinforces investor confidence in BHFL and its potential for future growth in the financial sector.

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