New Delhi, Sept. 11 -- Bajaj Housing Finance shares have struggled since their blockbuster debut on Dalal Street in September 2024, dropping 32% from the Rs.165 listing price and ending nine of the last 11 months in the red. The Bajaj group stock is likely to remain under pressure amid rising competition from banks, which could weigh on yields, according to Motilal Oswal.

The brokerage, in its latest report, has initiated coverage on Bajaj Housing Finance with a 'Neutral' rating and set a target price of Rs.120 apiece, indicating an upside potential of 7% from the stock's previous closing price of Rs.112.

Despite remaining optimistic about the company's long-term growth prospects, citing its strong asset quality, robust credit profile, ...