Bajaj Housing Finance shares in focus as Q2 profit rises 18% YoY; Morgan Stanley sets Rs 1,150 TP

Bajaj Housing Finance will be in focus after reporting an 18% YoY rise in Q2 net profit to Rs 643 crore, with revenue up 14% to Rs 2,755 crore. Sequentially, PAT grew 10%. Morgan Stanley maintained an Overweight rating and set a target price of Rs 1,150, adding to the stocks positive sentiment.