Shares of Bajaj Housing Finance Ltd remained under pressure after hitting a fresh all-time low of ₹78.75 in Tuesday’s trade. The stock was last seen trading around ₹80.28 on the National Stock Exchange of India (NSE) on Wednesday, up about 1.94 per cent from the previous close of ₹78.75. Despite the slight rebound, the stock has declined nearly 29.91 per cent over the past six months, reflecting continued weakness in investor sentiment.
On the financial front, the company reported strong operating performance. Net profit rose 21 per cent year-on-year (YoY) to ₹665 crore, compared with ₹548 crore in the same quarter last year. Net interest income (NII) also increased 19 per cent to ₹963 crore from ₹806 crore in Q3 FY25. Assets under management (AUM) stood at ₹1.33 lakh crore as of December 31, 2025, marking a 23 per cent rise from ₹1.08 lakh crore a year earlier, supported by steady loan growth.
However, technical analysts remain cautious about the stock’s near-term outlook. Osho Krishan, Senior Analyst – Technical & Derivative Research at Angel One, said the counter has been in a “secular downtrend,” adding that the chart structure appears weak with no immediate signs of recovery. According to him, the intermediate resistance lies around ₹86, and investors should avoid taking fresh positions until the stock moves above this level.
Echoing a similar view, Kunal Kamble, Senior Technical Research Analyst at Bonanza Portfolio, noted that the stock continues to trade below key moving averages, forming lower highs and lower lows—an indication of persistent bearish sentiment. He said immediate support is placed in the ₹76–78 zone, and a breakdown below this level could drag the price towards ₹70. On the upside, resistance is seen at ₹83–85, followed by a stronger hurdle in the ₹87–93 range where several moving averages converge. While the Relative Strength Index (RSI) is currently in the oversold zone, suggesting the possibility of a short-term pullback, a trend reversal would only be confirmed if the stock sustains above the ₹90–95 zone.
Meanwhile, Jigar S Patel, Senior Manager – Technical Research at Anand Rathi, said the stock has support near ₹76 and resistance around ₹80. A decisive move above ₹80 could push the price towards ₹83, with the expected short-term trading range between ₹76 and ₹83.
Bajaj Housing Finance Ltd, part of the Bajaj Group, is a non-deposit-taking housing finance company registered with the National Housing Bank (NHB). As of December 2025, promoters held an 88.70 per cent stake in the company. The company was listed in September 2025 after raising ₹6,560 crore through its initial public offering (IPO), with shares priced at ₹70 each. Following its debut, the stock surged nearly 160 per cent to around ₹181, delivering multibagger returns to early investors before subsequently correcting.
Brokerage firm JM Financial has maintained an ‘ADD’ rating on the stock with a target price of ₹88, valuing it at 2.5 times its estimated FY28 book value per share. The brokerage believes stable margins, improving cost ratios, and effective credit cost management could help the company maintain a return on assets above 2 per cent and return on equity of around 13–14 per cent by FY28.