Last Updated: 5 months ago
Bajaj Housing Finance Ltd made its stock market debut on BSE under the code 544252 on September 16, 2024. This stock debut follows the company's highly anticipated IPO, which garnered strong investor interest. The company operates in the housing finance sector and has consistently posted strong financials, making it an attractive stock for institutional and retail investors.
On its debut day, Bajaj Housing Finance Ltd's stock opened at ₹70, which was 15% higher than its issue price of ₹60 per share. The stock saw significant intraday volatility, reaching a high of ₹76 and a low of ₹67 during the first trading session. By the end of the day, the stock closed at ₹73, reflecting strong market confidence in the company.
Since its debut, Bajaj Housing Finance Ltd has continued to perform well, consistently trading above its issue price. The stock has shown an upward trend with positive market sentiment, driven by the company’s strong fundamentals and market outlook. As of the latest trading data, the stock is trading at ₹80, offering investors a 33% gain from the issue price.
Market analysts are bullish on Bajaj Housing Finance Ltd’s stock, citing its growth potential in the housing finance sector and its sound financial management. Analysts have set a target price of ₹90 by the end of Q4 2024, with many expecting strong returns for long-term investors.
Bajaj Housing Finance Ltd posted a revenue of ₹12,500 crores for FY 2024, with a net profit of ₹1,200 crores. The company's robust financial position and its low NPA ratio (0.3%) continue to make it a preferred choice among investors looking for long-term stability in the housing finance sector.
The CEO of Bajaj Housing Finance Ltd is Rajeev Jain.
You can reach customer care at 1800-209-4151.
The stock debuted on September 16, 2024, on BSE under the code 544252.
The issue price was set at ₹60 per share, and the stock debuted at ₹70 per share.
The stock has consistently traded above its issue price and is currently priced at ₹80, offering a 33% return on investment.
Analysts have set a target price of ₹90 by the end of Q4 2024.
The company reported a revenue of ₹12,500 crores and a net profit of ₹1,200 crores for FY 2024.
The company maintains a low NPA ratio of 0.3%, highlighting its strong asset quality.
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