Bajaj Housing Finance shares may dip 27% from current levels: HSBC

Brokerage firm HSBC has initiated coverage on Bajaj Housing Finance with a 'reduce' rating and set a target price of ₹110. This implies a roughly 27% downside from the current price of ₹150.9. "The market is valuing Bajaj Housing Finance for strong growth, which will likely moderate," HSBC said. Shares of Bajaj Housing Finance debuted on stock markets last month.