Bajaj Housing ends FY25 on a strong note, but the stock remains richly valued
Bajaj Housing Finance Ltd’s performance in the March quarter (Q4FY25) was strong except for the pressure on gross spread. Gross spread, or the yield on portfolio minus cost of funds, fell 10 basis points sequentially to 1.8%. This could be a sign of pricing pressure in the company’s preferred individual lending segment, which focuses on…