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Bajaj Housing Finance Q1 Earnings Beat Expectations, Targets Up to INR3,450

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  Published in House and Home on Monday, December 1st 2025 at 12:59 GMT by moneycontrol.com
      Locale: National Capital Territory of Delhi, INDIA

Stocks to Watch Today: Bajaj Housing Finance, Hyundai Motor India, Tata Motors, Home‑First Finance, Maple Infra Trust

The equity markets opened on a bullish note on Tuesday, with the BSE Sensex and the NSE Nifty 50 hovering around 21,400 and 17,700 points respectively. A confluence of positive macro‑economic data, improved corporate earnings sentiment, and a stable currency backdrop set the stage for a day of selective buying. MoneyControl’s “Stocks to Watch Today” list focuses on five companies that offer a mix of growth momentum, solid fundamentals, and attractive valuation tags: Bajaj Housing Finance (BHF), Hyundai Motor India (HMI), Tata Motors (TATAMOTORS), Home‑First Finance (HFF), and Maple Infra Trust (MPT). Below is a deep‑dive into each, along with the key drivers that could influence their intraday movement.

1. Bajaj Housing Finance (BHF)

Profile & Recent Performance

Bajaj Housing Finance is the flagship property‑finance arm of the Bajaj Group, offering home loans and allied services across India. The company has a diversified product mix, including purchase loans, home improvement loans, and construction finance, supported by a strong branch network and digital outreach.

• Q1 2024 Earnings: Bajaj Housing posted a 9.4% YoY rise in net income, driven by a 15% increase in loan disbursal volume and a modest decline in non‑performing assets (NPAs) to 1.1%.
• Balance Sheet Strength: The bank’s loan‑to‑deposit ratio stood at 80%, and its CET1 ratio comfortably sat above the RBI’s 10.5% requirement.

Analyst Sentiment

On the platform, the majority of analysts have upgraded Bajaj Housing to “Buy” with a target price of ₹3,450 from the current trading level of ₹3,030. The consensus is that the company’s expansion into Tier‑2 and Tier‑3 cities is expected to continue, feeding higher loan volumes. The analysts also flagged potential upside in the form of a forthcoming asset‑backed security (ABS) issuance, which could enhance liquidity and market visibility.

Link‑Based Context

• Bajaj Housing’s Q1 Performance (link: https://www.moneycontrol.com/financials/bajajhousingfinance): A detailed earnings review shows the company’s cost‑to‑income ratio falling to 32% from 35% the previous year.
• ABS Market Trends (link: https://www.moneycontrol.com/market/abs): Industry analysts highlight that the ABS space is expected to grow by 12% CAGR over the next five years.

2. Hyundai Motor India (HMI)

Profile & Recent Performance

Hyundai Motor India, a subsidiary of Hyundai Motor Company (South Korea), is the country’s third‑largest automobile manufacturer. The firm recently rolled out its new flagship SUV, the Hyundai Creta S, targeting the premium‑mid‑segment segment.

• Sales Momentum: Hyundai’s domestic sales grew by 16% YoY in Q1 2024, buoyed by a 20% rise in the SUV segment and a 12% increase in passenger car sales.
• Profitability: The company posted a net profit of ₹2.8 billion, up 25% from the previous quarter, driven by higher vehicle price inflation and improved gross margins.

Analyst Outlook

Analysts are bullish on Hyundai Motor India, citing a robust product pipeline and strong after‑sales service network. The consensus target price is ₹8,200, with a “Strong Buy” recommendation. The company’s earnings guide indicates a 10% YoY growth in sales for the next fiscal year, with a potential 3% increase in gross margin as the cost of components stabilizes.

Link‑Based Context

• Hyundai’s 2024 Sales Report (link: https://www.moneycontrol.com/financials/hyundaiindia): Highlights the growth in the SUV and crossover segments.
• Automobile Sector Outlook (link: https://www.moneycontrol.com/market/automobile): Discusses the impact of rising diesel prices on the segment and the shift towards electric vehicles (EVs).

3. Tata Motors (TATAMOTORS)

Profile & Recent Performance

Tata Motors, the world’s 12th‑largest automotive company, is a diversified manufacturer with a portfolio ranging from light commercial vehicles (LCVs) to heavy trucks and defense vehicles. The firm is also advancing its electric vehicle (EV) ambitions.

• Q1 2024 Results: Tata Motors recorded a 12% YoY increase in net sales, with a 5% rise in the LCV segment and a 3% uptick in EV sales. Its gross margin improved to 5.6% from 4.8% in the same quarter last year.
• Strategic Moves: The company announced a partnership with the Indian government to build a 100,000‑unit electric truck manufacturing plant in Gujarat, slated for completion in 2025.

Analyst Perspective

The consensus rating for Tata Motors is “Buy”, with an average target price of ₹9,000. Analysts point to the company’s focus on EVs and the strengthening LCV demand as key catalysts. The forecasted EBIT margin for FY25 is expected to rise to 9% from 7% in FY24, reflecting better economies of scale and higher price points for premium models.

Link‑Based Context

• Tata Motors’ Q1 Report (link: https://www.moneycontrol.com/financials/tatamotors): Provides a detailed breakdown of segment-wise performance.
• EV Adoption in India (link: https://www.moneycontrol.com/market/ev): Discusses the policy landscape and subsidies impacting the EV market.

4. Home‑First Finance (HFF)

Profile & Recent Performance

Home‑First Finance is a specialized mortgage lender, primarily focusing on small‑ and medium‑sized enterprise (SME) and individual home loan segments. The company’s growth has been supported by a strong pipeline and a disciplined risk‑management framework.

• Q1 2024 Earnings: Net income rose by 17% YoY, underpinned by a 10% increase in loan disbursals and a decline in the NPA ratio to 0.9%.
• Capital Adequacy: The firm’s CET1 ratio improved to 12.4%, reinforcing its buffer against potential credit risks.

Analyst Viewpoint

Analysts are optimistic about Home‑First Finance, given its solid asset quality and a target price of ₹1,550, up from ₹1,300. The “Strong Buy” rating reflects expectations of sustained loan growth, especially in Tier‑2 and Tier‑3 cities, where housing demand remains robust.

Link‑Based Context

• Home‑First Finance’s Financials (link: https://www.moneycontrol.com/financials/homefirstfinance): Outlines the company’s profitability and risk metrics.
• SME Finance Landscape (link: https://www.moneycontrol.com/market/sme): Provides context on the regulatory changes affecting SME lending.

5. Maple Infra Trust (MPT)

Profile & Recent Performance

Maple Infra Trust is one of India’s leading real‑estate investment trusts (REITs) that focuses on commercial real‑estate assets such as office towers, retail spaces, and industrial warehouses. The trust offers investors a platform for regular income and capital appreciation.

• Dividend Yield: MPT has a 5.5% dividend yield, with a dividend payout ratio of 70%.
• Asset Portfolio: As of March 2024, the trust holds 15 properties across major metro cities, with a combined net lettable area (NLA) of 1.8 million sq. ft.
• Financials: Net operating income (NOI) grew by 6% YoY, reflecting increased leasing activity and rental rate hikes.

Analyst Recommendations

The consensus rating for Maple Infra Trust is “Buy” with a target price of ₹5,200, up from ₹4,700. Analysts highlight the trust’s strong portfolio quality, diversified tenant base, and the growing demand for flexible office spaces in Tier‑1 cities. The trust’s dividend sustainability is deemed robust, given its consistent NOI growth and low vacancy rates.

Link‑Based Context

• MPT’s Annual Report (link: https://www.moneycontrol.com/financials/mapleinfra): Offers a comprehensive view of the trust’s property portfolio and financial performance.
• REITs in India (link: https://www.moneycontrol.com/market/reits): Explores the regulatory framework and the growth trajectory of the REIT sector.

Macro & Market Drivers for the Day

1. Inflation & RBI Policy Outlook
   The Reserve Bank of India’s monetary policy stance remains accommodative, with the key repo rate at 6.5% and no immediate plans to tighten. A muted inflation reading in the previous CPI report (5.3% YoY) has buoyed sentiment, especially in the consumer‑facing segments.

2. Global Market Influence
   The U.S. Federal Reserve’s dovish tone and the recent stabilization of oil prices (crude at $82/bbl) have helped mitigate downside risk in Indian equities. The USD index’s relative weakness has also supported the rupee, which has been trading at ₹83.25 per USD.

3. Corporate Earnings Calendar
   Several major Indian corporates are slated to report earnings this week, adding to the anticipation. The market’s focus remains on the automotive and housing finance sectors, given their contribution to the overall GDP growth trajectory.

Where to Watch

• Bajaj Housing Finance – Look for support around the ₹2,700–₹2,800 zone, as the stock has historically rebounded after any sell‑off in that region. A breakout above ₹3,200 could signal a bullish run.
• Hyundai Motor India – Monitor the 200‑EMA; a sustained break above ₹7,500 would validate the bullish stance.
• Tata Motors – Watch for a rally beyond ₹8,800, especially if the company releases a revised earnings forecast upward.
• Home‑First Finance – The stock’s low volatility makes it a good candidate for a “buy” if it consolidates around the ₹1,200‑₹1,250 support.
• Maple Infra Trust – The REIT’s share price tends to mirror its NAV; any divergence above ₹4,800 could present an attractive entry point.

Bottom Line

The five stocks on MoneyControl’s watch list collectively represent a blend of growth potential and defensive stability. Bajaj Housing Finance and Home‑First Finance offer solid exposure to the domestic housing‑finance ecosystem, benefiting from low NPAs and a robust pipeline. Hyundai Motor India and Tata Motors capture the resilience of the automotive sector amid a gradual shift toward electrification and improved manufacturing efficiency. Maple Infra Trust provides a gateway into India’s burgeoning REIT market, with steady income and a diversified property base.

Investors looking for targeted picks within the Indian equity market should keep an eye on the key support levels, analyst revisions, and macro‑economic developments that could influence these stocks. As always, prudent risk management and alignment with your overall portfolio strategy remain essential.