Bajaj Housing shares may dive 21%, believes Kotak Equities. Initiates coverage with Rs 100 target
Believing that the current expensive valuations pose a downside risk to Bajaj Housing Finance shares, domestic brokerage firm Kotak Institutional Equities has initiated coverage on the stock with a ‘sell’ rating and a target price of Rs 100. This signals a potential downside of 21% in the stock. “Bajaj Housing Finance trades rich (4.7X book … Read more