Ambit initiates ‘Sell’ rating on Bajaj Housing Finance for overvaluation and competitive pressures; expects 39% downside

Ambit has initiated a ‘Sell’ rating on Bajaj Housing Finance, targeting Rs 85, citing valuation concerns amid competition in the mature home loans sector, despite recent growth in AUM and loans. Ambit has initiated a ‘Sell’ rating on Bajaj Housing Finance, targeting Rs 85, citing valuation concerns amid competition in the mature home loans sector, despite recent growth in AUM and loans.  Economic Times