Bajaj Housing Finance Q2 Review: Strong Growth Despite Competitive Pressure— Motilal Oswal Maintains 'Neutral'

Motilal Oswal continues to believe in Bajaj Housing Finance and in management’s ability to drive profitability improvement, supported by a healthy AUM CAGR of 22% over FY25-28E; broadly steady NIMs; and benign credit costs. .NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Bajaj Housing Finance Ltd. delivered a strong performance in Q2 FY26 with strong assets under management and disbursement growth across products, despite heightened competition. The company was successful in maintaining its margins, despite a declining interest rate environment, while maintaining pristine asset quality.We believe Bajaj Housing Finance is a strong franchise that is well-positioned to navigate rising competition and a declining interest rate environment while sustaining healthy growth and profitability. Maintain Neutral with a target price of Rs 120 (based on 3.6x Sep’27E book value per share)..Key risks:slowdown in the overall growth and demand environment, inability to drive NIM expansion amid competitive pricing, deterioration in the asset quality while scaling up the non-prime segments..Click on the attachment to read the full report:.Waaree Energies Gets Motilal Oswal's 'Buy' As It Initiates Coverage, Sees 19% Upside — Details Inside.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bajaj Housing Finance Q2 Review: Strong Growth Despite Competitive Pressure— Motilal Oswal Maintains 'Neutral'

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