Finance News
Bajaj Housing Finance IPO: How does it stack up against LIC Housing and PNB Housing Finance
The IPO price band for Bajaj Housing Finance is set at ₹66- ₹70 per share. At ₹70, it values the stock at 3.2x its trailing June 2024 book value. Despite being pricier than peers, this premium is justified by BHFL’s strong AUM growth, low NPAs, and advanced tech platform, according to analysts.
4 min read6 Sep 2024Stocks to buy: InCred Equities adds Bajaj Finance, Hero MotoCorp, TCS to its high-conviction stock ideas for September
InCred Equities has added TCS, Bajaj Finance, Lupin, and Hero MotoCorp to its high-conviction stock list for September 2024, while removing Ajanta Pharma and others. The brokerage maintains a positive outlook for the Nifty 50, targeting 26,736, driven by favorable macroeconomic conditions.
3 min read6 Sep 2024Affordable housing financiers’ stocks soar amid strong demand for Bajaj Housing’s IPO
Strong demand visibility, substantial government support and high return on assets have provided significant tailwinds to these companies.
5 min read6 Sep 2024There’s now a faster way to resolve tax disputes. But it has a huge red flag.
The Central Board of Direct Taxes rolled out an electronic Dispute Resolution Scheme (e-DRS) last week for taxpayers with incomes below ₹50 lakh a year. But beware the one fatal flaw.
4 min read5 Sep 2024The NRI’s guide to choosing the right kind of account to invest in Indian stocks
Navigating the complexities of investing in India as a non-resident Indian can be daunting. Mint breaks down the pros and cons of portfolio investment scheme (PIS) and non-PIS demat accounts so you can choose an option that best suits your financial needs.
4 min read5 Sep 2024Bajaj Housing Finance IPO bumper listing could lift Bajaj Finance share price by 5%, says Macquarie
Bajaj Finance share price has rallied over 8% in the past one month as against Nifty 50’s nearly 2% gain. At ₹58,000 crore after applying a 20% holding company discount, Bajaj Finance’s share price adequately prices in the optimism surrounding the IPO, according to Macquarie.
3 min read4 Sep 2024Aadhar Housing Finance may continue to outpace industry growth
Aadhar Housing Finance is estimated to grow its AUM by 21% from FY24 to FY27, outpacing the industry’s 10% CAGR.Aadhar’s focus on salaried borrowers offers stability, but risks remain in its less-experienced self-employed segment.
2 min read5 Sep 2024Inside Adani Group’s first bond issue for retail investors
Adani Enterprises is offering a public bond issue for the first time, targeting individual investors, as it seeks to diversify its borrowings. It will also serve as a pilot to test whether the conglomerate can rely on Indian investors for its long-term borrowing needs.
5 min read4 Sep 2024A Portugal Golden Visa can give you wide access to Europe. Should you apply?
Individuals need to invest at least €500,000 in a fund that deploys 60% of its corpus in Portuguese companies to be eligible for the Portugal Golden Visa programme.
5 min read4 Sep 2024Retail investors remain impulsive sellers: 5 key money lessons to achieve your financial goals
A recent Sebi study on investing patterns hints at the impulsive behaviour of retail investors. However, it is vital to understand the significance of long-term investing to meet financial goals.
3 min read3 Sep 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared