Kotak Securities has flagged Bajaj Housing Finance (BAJAJHFL) as a buy, setting a price target of 105 — roughly 20 points above the stock’s current levels — and forecasting about 23% upside over the next 11 months.
Quick snapshot
- Current price: ~85 (trading around 84.90 on Friday)
- Kotak target: 105
- Upside: ~23% to reach target
- Timeframe: 11 months (target date around May 2027)
- Rating: Buy
- Recommended entry zone: 91–85 (Kotak suggests 85 may be a good bottom)
What’s happening
Bajaj Housing rose about 1.5% at the open on Friday, even as India’s benchmark indices, Sensex and Nifty, traded in a volatile, range-bound fashion. The stock is still down nearly 12% year-to-date after starting 2026 near 97 and slipping through the subsequent six months. Traders who bought into BAJAJHFL earlier in 2026 are largely sitting on losses as the name struggled to reclaim the 100 level amid global macro headwinds.
Why Kotak is optimistic
In its research note, Kotak Securities advised clients to consider building positions between 91 and 85, signaling that the stock may have found a floor at current levels. The firm believes the combination of valuation and expected recovery drives a realistic path to the 105 target within the next 11 months.
What it means for investors
For equity-focused traders and crypto investors looking to diversify, Kotak’s call frames BAJAJHFL as a potential mid-term rebound play with a clear target and entry band. As always, weigh sector-specific risks and macro volatility before committing capital.
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