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Bajaj Housing Finance shares reversed a two-day decline, rising 5% on the BSE to reach an intraday high of Rs 168, sparking renewed investor interest. The stock has gained 140% since its listing at an issue price of Rs 70 per share.

The analysis focused on companies with a market capitalization exceeding Rs 1,000 crore that exhibited sales and profit growth surpassing 15%, along with a Return on Equity (RoE) exceeding 15%.

Automobile shares led sectoral losses with a 2.9% fall, hurt by a 7.6% drop in Mercedes-Benz after the carmaker cut its full-year profit margin for the second time in less than two months, as overall sales volume fell in China.

​It is best as far as banking is concerned. Credit cost will probably normalise, NIMs will probably are also past their best, so that is the problem. I agree that valuations look far attractive compared to history in many cases, but banking is where we are sort of I would say more negative. NBFCs actually will get more interesting as the rate cut cycle begins.

Invesco India Focused Fund, a focused fund, offered 68.13% return in the last one year period.

The shares have advanced by an impressive 246% over the last year, while in the past six months, the stock has surged by 110%. Year-to-date, the shares have gained 170.7%, according to BSE analytics.

​So, going forward, we remain to be positive. Any dip towards 25,100 to 25,200 should be looked at as a buying opportunity for a target of 26,200. Coming to sectors, yes, banking, again, which was one of the most underperformer sector for a long time has been coming out of a long consolidation and we expect this breakout to eventually head towards 55,500.

As of 30-Jun-2024, promoters held 46.7 per cent stake in the company, while FIIs held 19.32 per cent and domestic institutional investors had 16.23 per cent.

The rupee was at 83.4850 against the U.S. dollar as of 12 noon IST, its strongest level since July 9. The currency was up 0.2% on the day and on course to post its best single day since May 2024.

A total of 20,316 shares changed hands on the counter till 01:59PM (IST)