Company’s Interest Income Has Increased; What Can Happen In This Stock Now After The Results?
BAJAJ HOUSING FINANCE Q2: Bajaj Housing Finance Ltd (NSE: BAJAJHFL) has released the second quarter result. During the period, the company’s interest income has increased from Rs 631.5 crore every quarter to Rs 713.3 crore.
The company’s interest income has increased by 12.95 percent on an annual basis and 7.3 percent every quarter. Last year, the company’s interest income stood at 664.8 crore rupees.
In the second quarter, the company’s net interest margin stood at 4.1 percent as against 4.4 percent on an annual basis. Whereas, in the previous quarter it was at 3.9 percent.
In the second quarter, the company’s GNPA ratio stood at 0.29 percent as against 0.28 percent and the NNPA ratio stood at 0.12 percent as against 0.11 percent.
In the second quarter, the company’s profit increased from Rs 451.1 crore to Rs 545.6 crore on an annual basis. In the last quarter, the company’s profit was 482.6 crore rupees.
The company’s profit has increased by 20.95 percent on an annual basis and 13.05 percent every quarter.
Brokerage Opinion On The Stock
A brokerage firm has given a reduced call to Bajaj Housing Finance Ltd and given a target of Rs 110 per share. The brokerage has reduced the FY25-27 EPS estimate by 1-4 percent.
Experts’ Opinion
Talking about Bajaj Housing Finance Ltd, a market expert said that there are two problems in the chart of this stock. Firstly, the stock has been listed at a very high price.
But the recent low of Rs 129 is good from the point of view of stock price. After the low of Rs 129, the stock showed a two-day move.
But after that eight weak trading sessions were seen. But now the stock is not expected to fall much. When the stock crosses the level of 140 rupees, this will be confirmed.
So one should wait for this stock to cross the level of Rs 140. A good up move can be seen after crossing the level of Rs 140 and the stock can be seen going around Rs 165.
Quick Fact
| Company name | Bajaj Housing Finance |
|---|---|
| Stock price | ₹136.80 (0.16%) |
| Interest income (Q2) | ₹713.3 crore |
| Previous quarter income | ₹631.5 crore |
| Annual growth in income | 12.95% |
| Quarterly growth in income | 7.3% |
| Last year’s income | ₹664.8 crore |
| Net interest margin (Q2) | 4.1% |
| Previous year NIM | 4.4% |
| Previous quarter NIM | 3.9% |
| GNPA ratio (Q2) | 0.29% |
| The previous year’s GNPA ratio | 0.28% |
| NNPA ratio (Q2) | 0.12% |
| The previous year’s NNPA ratio | 0.11% |
| Profit (Q2) | ₹545.6 crore |
| Previous year profit | ₹451.1 crore |
| Previous quarter profit | ₹482.6 crore |
| Annual growth in profit | 20.95% |
| Quarterly growth in profit | 13.05% |
| Brokerage target price | Possible ₹110 per share |
| FY25-27 EPS estimate | Reduced by 1-4 percentage |
| Expert’s stock low | ₹129 |
| Expected up level | ₹140 |
| Possible stock target | Possible ₹165 per share |
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