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IPO debutant Bajaj Housing Finance vs veteran LIC Housing: Which is better?

Business Standard LogoBusiness Standard7h ago

IPO debutant Bajaj Housing Finance vs veteran LIC Housing: Which is better? - Business Standard

Quick Summary:

LIC Housing Finance, on the other hand, is trading at 1.2x book value which, analysts said, offers a more attractive entry point for conservative investors looking for steady performance."LIC Housing offers a better risk-reward ratio due to its lower valuation and steady performance.

That said, Bajaj Housing Finance shares are priced at 3.2x their June 2024 book value, reflecting a premium.

The surge has made Bajaj Housing Finance the biggest housing finance company in terms of market capitalisation that stood at Rs 1.47 trillion in intra day deals on Tuesday.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 11:56:14 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 857 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22560628

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 266 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

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Publisher ID: #49

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