- Kotak Securities has assigned a 12-month price target of 105 to Bajaj Housing Finance (BAJAJHFL), suggesting a potential 23% upside from its current price around 85.
- The stock has declined by approximately 12% year-to-date, struggling under market volatility and global macroeconomic pressures.
- Analysts recommend considering an entry position between the 91 and 85 levels, indicating the current price may represent a bottoming point.
- The projected timeline to reach the 105 target is set for May 2027.
Leading brokerage firm Kotak Securities has set a bullish price target for Bajaj Housing Finance shares, projecting significant growth over the coming year despite recent market turbulence. According to their research, the firm gave BAJAJHFL a buy rating and a price target of 105, which is detailed in a note to clients. This implies a potential 23% increase from its current trading range near 85.
However, the equity has faced considerable headwinds throughout the year, falling close to 12% year-to-date. Consequently, traders who entered positions in 2026 are largely at a loss, as the stock failed to climb above the 100 range. Market indices like Sensex and Nifty have shown mixed and volatile reactions, contributing to the stock’s instability.
Meanwhile, Kotak Securities suggests the current low of 85 could be an optimal entry point. The bank specifically recommends taking a position between the 91 and 85 levels, indicating the stock may have bottomed out. The firm projects an 11-month timeline for the share to achieve its target, pointing toward May 2027.
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