Bajaj Housing shares dip 5% after HSBC initiates coverage with ‘reduce’ rating, predicts 27% downside

Bajaj Housing Share Price: Shares of Bajaj Housing Finance fell 5% in intraday trade due to HSBC’s ‘reduce’ rating and Rs 110 target price, citing earnings slowdown and valuation concerns. HSBC noted potential pressure on RoA and slower AUM growth for the stock. They suggest alternatives among other NBFC peers with higher ROE and stable growth outlook.