Bajaj Housing Finance Share Price Target 2026: Brokerage firm JM Financial has initiated coverage on Bajaj Housing Finance shares. The brokerage has recommended Add rating for a target price of Rs 88.
Bajaj Housing Finance share price on Friday (March 27) crashed more than 4 per cent to close at Rs 75.78 on BSE.
Bajaj Housing Finance share price is now less than 10 per cent away from its IPO issue price of Rs 70.
Bajaj Housing Finance shares are currently down 60 per cent from the all-time high level of Rs 188.50.
Bajaj Housing Finance share price target of Rs 88 offers an upside of more than 15 per cent from Friday's closing price.
JM Financial said that Bajaj Housing Finance is well-supported by the Bajaj Group. This provides financial stability and strong parentage to Bajaj Housing Finance.
Bajaj Housing Finance's diversified business model and low-risk approach position it for continued growth. The brokerage expects Bajaj Housing Finance to report a CAGR growth of 22 per cent in AUM and 20 per cent on PAT during FY26–28E.
JM Financial said that Bajaj Housing Finance is trading at a rich valuation compared with peers like LIC Housing Finance and PNB Housing Finance.
Bajaj Housing Finance operates through a network of 221 branches at 178 locations and has strengthened its digital presence with a multi-channel sourcing model.
At the end of the third quarter (Q3FY2026), Bajaj Housing Finance has a cost-to-income ratio of 19 per cent, down from 29 per cent in FY2022. This reflects strong operating leverage and efficiency improvements.



