Bajaj Housing Finance Ltd : Listing Date, Share Price, Stock Performance on debut and more

Explore Bajaj Housing Finance Ltd's stock debut, price movement, key financials, and what it means for investors in 2024.

Updated : 3 months ago

Categories: Finance, Stock Market, Investments, BSE, Bajaj Housing Finance, Stock Performance, IPO

Tags: Bajaj Housing Finance stock debut, Stock performance analysis, BSE stock debut Bajaj, 544252 stock, Bajaj Housing Finance IPO, Stock price movement 2024

Bajaj Housing Finance Ltd Stock Overview

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.

Stock Debut and Initial Performance

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.

Stock Performance Since Debut

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 Sentiment and Analyst Views

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.

Company Financials and Future Prospects

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.