Ambit initiates 'Sell' rating on Bajaj Housing Finance for overvaluation and competitive pressures; expects 39% downside
- Posted on October 16, 2024
- By Business News Today
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Ambit initiates 'Sell' rating on Bajaj Housing Finance for overvaluation and competitive pressures; expects 39% downside
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.
