Kotak Institutional Equities rates Bajaj Housing Finance as 'sell' but advises 'add' and 'buy' on other Bajaj financial firms.
Domestic brokerage firm Kotak Institutional Equities has initiated coverage on Bajaj Group's financial counters. Kotak has given a 'sell' rating to Bajaj Housing Finance, citing high valuations and potential risks, with a target price suggesting a 21% drop. For Bajaj Finance and Bajaj Finserv, Kotak assigned an 'add' and 'buy' rating respectively, highlighting strong expansion and profitability as long-term value drivers.
3 months ago
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