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Kotak Institutional Equities has initiated a "sell" rating on Bajaj Housing Finance, citing expensive valuations and a potential 21% downside risk. The brokerage expects 25% earnings growth over FY2024-27E but projects flat margins and moderate RoE. Despite strong asset quality, competition and rising rates pose risks.
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Shares of ITI Ltd, a state-owned company under the Department of Telecommunications, soared 20% today in intraday trade, hitting a new all-time high of Rs 457.25 on the BSE. The stock has been on an upward trend since October 2024 and has seen a significant increase in volumes since November last year.
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RBI did highlight pain points in a lot of different products within the retail category. Once these get worked about, you will see some consolidation taking place this year in terms of loan growth across the board.
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News and Media
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