Bajaj Housing Finance

BAJAJHFL closed at ₹83.05 on 2026-11-05, following an extreme upward gap of +2.0% the previous day. This move lifted the price into the upper-middle of its 20-day and 50-day ranges (+68.4% and +67.5%, respectively), while it remains in the lower-middle of its 252-day range (+26.2%). On the daily chart, price sits above key short-term averages (20/50 EMA/SMA) but below the 200-period SMA and Supertrend, with a developing trend strength (ADX 21.66). Conversely, the monthly timeframe shows an established bullish trend (ADX 35.59) with price above the Supertrend, though below all moving averages. The stock carries significant historical risk, with a current drawdown of -37.2% against a maximum of -44.8%, and annualized volatility of 24.7%. Immediate resistance lies near ₹84.45–₹84.56, while support is tight at ₹82.93–₹82.98.

Bajaj Housing Finance reported strong half-year results for FY2026-27 (ended 30 September 2026), with Assets Under Management (AUM) growing 25% year-on-year to ₹1,58,205 crore and Profit After Tax (PAT) rising 20% to ₹1,472 crore. The company maintains robust asset quality, with Gross Non-Performing Assets (GNPA) at 0.29% and Net NPA at 0.12%, alongside a comfortable Capital to Risk-Weighted Assets Ratio (CRAR) of 21.24%. On 4 November 2026, the firm raised ₹3,002.68 crore through the private placement of secured non-convertible debentures maturing in 2036, carrying an 8.68% coupon. Management has set FY2027 guidance for AUM growth of 21–23% and Return on Equity (ROE) of 12–13%. As of 5 November 2026, the stock traded at ₹83.05, reflecting a year-to-date decline of 13.6% despite recent short-term gains.

Bajaj Housing Finance Limited reported strong half-year performance for FY2026-27, with Assets Under Management (AUM) growing 25% year-on-year to ₹1,58,205 crore and Profit After Tax (PAT) rising 20% to ₹1,472 crore. Asset quality remains robust, with Gross NPA at 0.29% and Net NPA at 0.12%, while the Capital Adequacy Ratio stands at 21.24%, well above the 15% regulatory requirement. The company raised ₹3,002.68 crore via private placement of secured non-convertible debentures (NCDs) on November 4, 2026, carrying an 8.68% coupon and maturing in November 2036. Concurrently, CFO Gaurav Kalani resigned effective January 22, 2027, with a successor required by January 31, 2027. Management has set FY27 guidance for AUM growth of 21–23% and ROE of 12–13%.

Bajaj Housing Finance demonstrates a clear trajectory of asset expansion and earnings growth, though recent quarterly margins face pressure from rising finance costs. In Q2 FY2026-27 (Sep 2026), revenue increased 18% year-on-year to ₹3,251 crore, with net profit rising to ₹757 crore and EPS reaching ₹0.91. However, Profit Before Exceptional Items And Tax dropped sharply to ₹98 crore in Q2, down from ₹929 crore in Q1, driven by a sequential increase in finance costs to ₹1,997 crore. This suggests that while top-line growth is robust, cost management is critical for sustaining profitability.

The balance sheet reflects this aggressive growth: loans expanded to ₹139,862 crore as of Sep 2026, up from ₹113,059 crore a year prior. Correspondingly, borrowings rose to ₹52,808 crore and debt securities to ₹65,369 crore. Cash flow remains negative, with Free Cash Flow at -₹19,938 crore for the year ended Mar 2026, indicating heavy reliance on external financing to fund loan book growth. Return on Equity has declined from 15% in Mar 2024 to 12% in Mar 2026, reflecting the leverage required to support this expansion. Promoter holding decreased slightly to 86.7% in Sep 2026.

Bajaj Housing Finance presents a cautious near-term setup as daily technical indicators signal bearish momentum, with the Supertrend direction flipped to down and short-term moving averages (20-day EMA and SMA) showing negative slopes. The stock is trading at ₹83.05, hovering just above immediate support levels at ₹82.98 and ₹82.93, while facing resistance at ₹84.45. Despite a bullish monthly trend, the weekly trend remains mixed with a bullish Supertrend but weakening slope metrics. Performance metrics highlight significant downside pressure: the stock has declined 13.6% year-to-date and 24.2% over the past year, with a current drawdown of -37.2% against a maximum historical drawdown of -44.8%. Annualized volatility stands at +24.7%, indicating elevated price fluctuation risk.