Bajaj Housing Fin News

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Just a couple of months back, an industrial house issued an IPO for one of its group companies. It was heavily oversubscribed. The listing was at a premium, and there was a mad rush to buy the stock. The reason: The group has a track record of corporate governance and wealth creation. Today, in a volatile, falling market, that stock has corrected sharply and is available much cheaper. All talk of big industry and promoters with a track record seems to have vanished just because the Nifty and Sensex are falling. So treat this overall market correction as an opportunity to own a good business with great management. We take a look at four stocks where business is good, promoters have a track record, and the only thing which appears bad is market conditions.

Submission of Half-Yearly Report for FY2024-25 containing the financial performance of the Company including update on key developments during the half year ended 30 September 2024.

Monitoring agency report for the quarter ended 30 September 2024, in relation to the Public Issue of the Company.

Bajaj Finserv will announce its September quarter earnings today. Previously, the company saw a 10% year-on-year profit rise for the June quarter. Allianz may exit their joint ventures, but remains committed to the Indian market. Bajaj Finance reported a 13% net profit increase for the September quarter.

Sensex and Nifty50 opened higher, driven by ICICI Bank, Infosys, and Reliance Industries, despite weak global cues.

Shares of Bajaj Finance are expected to gain attention as the company reveals its Q2FY25 earnings, with net interest income projected between Rs 8,810 crore and Rs 9,187 crore, reflecting a 22-28% YoY hike. Analysts predict healthy growth in PAT, NIMs, and robust customer additions.

Bajaj Housing Finance's net profit for Q2 FY25 rose by 21% to Rs 546 crore, with revenue from operations up by 26% to Rs 2,410 crore. Assets under management grew by 26%, while loan losses and provisions declined significantly. However, return on average equity decreased to 13%.

Shares of Bajaj Finance, Adani Green, Zomato, Paytm, Adani Energy Solutions, Varun Beverages and ICICI Pru Life will be in focus ahead of the second quarter results today.

Change in Senior Management Personnel of the Company.

Update on the conference call in respect of financial results for the quarter and half year ended 30 September 2024.

Statement of Deviation or Variation in respect of utilisation of funds raised through issuance of equity shares by way of Initial Public Offer (IPO).

Investor Presentation for the quarter ended 30 September 2024

Unaudited financial results for the quarter and half year ended 30 September 2024.

Outcome of Board Meeting held on 21 October 2024

Bajaj Housing Finance Q2 Results: The company reported a 13% rise in net interest income (NII) for Q2 FY25, reaching Rs 713 crore, up from Rs 632 crore in Q2 FY24. Assets under management (AUM) grew 26% to Rs 1,02,569 crore as of September 30, 2024, compared to Rs 81,215 crore a year earlier. Profit before tax (PBT) for Q2 FY25 increased by 23% to Rs 708 crore, up from Rs 575 crore in Q2 FY24.

Continuing a trend seen in the previous two quarters, the AUM grew by Rs 5,480 crore during the September quarter. The company’s loan assets stood at nearly Rs 89,860 crore at the end of the September quarter, up from Rs 70,954 crore the previous year.

While announcing the quarterly numbers, the Mahindra Group company also declared an interim dividend of Rs 15 per equity share and fixed November 1 as the record date for determining eligibility of shareholders.

Jio Financial Share Price: Revenue from operations in the reported quarter stood at Rs 693.50 crore, up 14% over Rs 608.04 crore posted by the company in the corresponding quarter of the previous financial year.

This week, 182 companies, including ICICI Bank, HUL and Zomato, will report Q2 earnings. Key dates feature multiple significant announcements, impacting market sentiment and stock performance.

Allotment of Secured Redeemable Non-Convertible Debentures on private placement basis.

Intimation of Conference Call in respect of unaudited financial results for the quarter and half year ended 30 September 2024.

A recent study highlighted the risky nature of IPO investments in India. Of the 30 largest IPOs, 8 have actually resulted in losses for investors. The most striking example is Reliance Power, which launched its massive Rs 11,700 crore IPO in February 2008. Despite the initial hype, the stock has plummeted by over 80% from its issue price of Rs 450, leaving investors with significant losses. This serves as a stark reminder that even high-profile IPOs can fail to deliver on their promises.

Ambit has initiated a 'Sell' rating on Bajaj Housing Finance, targeting Rs 85, citing valuation concerns amid competition in the mature home loans sector, despite recent growth in AUM and loans.

Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 September 2024.

Specification related to International Securities Identification Number (ISINs) for debt securities issued under SEBI (Issue and Listing of Non-Convertible Securities) Regulation, 2021.

Bajaj Housing Finance Share Price: Shares of recently listed Bajaj Housing Finance fell 4% as the 1-month share lock-in period expired today. About 12.6 crore (126 million) shares, which were previously restricted from sale, are now eligible for trading.

43 companies have pre-listing shareholder lock-ins expiring by December 31, unlocking shares worth USD 18.8 billion. However, not all shares are expected to hit the market as a significant portion is held by Promoters and Group entities. Lock-in periods are imposed to stabilize stock prices and prevent sudden sell-offs.

Bajaj Housing Share Price: Shares of Bajaj Housing Finance fell 5% in intraday trade due to HSBC’s ‘reduce’ rating and Rs 110 target price, citing earnings slowdown and valuation concerns. HSBC noted potential pressure on RoA and slower AUM growth for the stock. They suggest alternatives among other NBFC peers with higher ROE and stable growth outlook.

Bajaj Housing Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/10/2024 ,inter alia, to consider and approve Unaudited standalone financial results for the quarter and half year ended 30 September 2024.

HSBC initiated coverage on Bajaj Housing Finance with a 'reduce' rating, targeting Rs 110, citing earnings slowdown and concerns over high valuations compared to peers.

Allotment of Secured Redeemable Non-Convertible Debentures (NCD) on private placement basis

Bajaj Housing Finance Share Price: Bajaj Housing Finance focuses on its debut business update, reporting AUM of Rs 1,02,550 crore, up 26% YoY. Loan assets rose to Rs 89,860 crore. The stock debuted with a 135% gain. Bajaj Finance also reported 92.09 million customers and a 14% increase in new loans, while its deposits grew by 21%.

Information under Regulation 30 of SEBI Listing Regulations, 2015, read with Schedule A of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015.

AMFI may grant RVNL and Suzlon Energy large-cap status in February 2025, according to early predictions by Nuvama Alternative Research. These two stocks, currently classified as mid-cap based on a threshold of Rs 27,500 crore, are expected to enter the large-cap category, which will have a cut-off of Rs 1 lakh crore based on current average market-cap levels.

The IPO season in 2024 has broken an 11-year record with fresh issues surpassing offers for sale. This trend indicates companies are raising funds for growth and expansion rather than deleveraging. Major IPOs include Ola Electric Mobility, Bajaj Housing Finance, and Firstcry. The pipeline remains strong with upcoming IPOs from Hyundai Motor India and Swiggy.

JM Financial, in a recent note, emphasised the growth potential for financiers in the affordable housing sector. Citing a 2019 RBI committee report, they estimated a substantial Rs 58 lakh crore loan demand for housing, indicating a lucrative opportunity for lender

Bajaj Housing Finance shares reversed a two-day decline, rising 5% on the BSE to reach an intraday high of Rs 168, sparking renewed investor interest. The stock has gained 140% since its listing at an issue price of Rs 70 per share.

IndoStar Capital Finance's shares surged to a three-year high after announcing a $209 million deal to sell its home finance unit to EQT. This move allows IndoStar to concentrate on vehicle finance and small business loans. EQT plans to invest 5 billion rupees in IndoStar Home Finance, focusing on affordable housing loans.

Bajaj Housing Finance Share Price: Bajaj Housing Finance shares have fallen by 11% over the past two days after a strong debut. Despite this dip, analysts remain optimistic due to the company's strong growth and support from the Bajaj Group. Experts suggest holding or buying on dips for long-term gains.