Bajaj Housing Finance Share Price: Shares of Bajaj Housing Finance today fell sharply for the second consecutive day. On Thursday, the company's shares fell by a massive 7.82 percent (Rs 13.58) to close at Rs 160.11. With today's fall, the company's shares have fallen by 11 percent in 2 days (Wednesday and Thursday). However, investors who were allotted shares in the IPO are still making a profit of about 130 percent.
There was an upper circuit in the stocks on Tuesday
Let us tell you that on Tuesday, September 17, the company's shares closed at Rs 181.50 with an upper circuit of 10 percent (Rs 16.5). After which on Wednesday, the company's shares closed at Rs 173.66 with a fall of 4.3 percent (Rs 7.84) and today the price of the company's shares reached Rs 160.11 with a fall of Rs 13.58.
The share priced at Rs 70 closed at Rs 165 on the day of listing
Bajaj Housing Finance's IPO was listed on the stock market on September 16 this week. The company sold shares to investors at a price of Rs 70 under its IPO, which was listed at a price of Rs 150 with a premium of 114 percent. After listing, the company's shares hit an upper circuit of 10 percent due to heavy buying and the shares closed at Rs 165 on the first day of its listing.
The company's market cap declined to Rs 1,33,341.96 crore
After today's decline, the company's current market cap has come down to Rs 1,33,341.96 crore, which was around Rs 1.50 lakh crore on Tuesday. Let us tell you that in this subsidiary company of Bajaj Finserv, promoters have 88.75 percent stake while public holding is 11.25 percent. Mutual funds have 0.42 percent holding in Bajaj Housing Finance.
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