From 0 to Rs 1 lakh crore in 8 years: so why is Bajaj Housing Finance’s stock at a record low?
0.27% GNPA, 23% growth, and a AAA rating, yet Bajaj Housing Finance’s stock is down 35% from its highs. With ROE dragged to 12.3% by excess IPO capital, can Sambhav and leverage normalisation drive a turnaround?

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