Bajaj Housing Finance IPO Doubles on First Day, Lists at Rs 150 on NSE & BSE

Bajaj Housing Finance IPO

Bajaj Housing Finance IPO: Bajaj Housing Finance IPO on the first day had a great start, reaching new high because of the market's positive sentiments.

On the BSE and the National Stock Exchange (NSE), Bajaj Housing shares were listed at Rs 150 which suggests a hike of 114.28% to the IPO price of Rs 70 on Monday.

On both the NSE and the BSE, about 697.62 million shares changed hands which caused the stock to hit a 10% upper circuit during the day.

Also Read: Gold and Silver Rates Today On September 15: Check the Latest Gold Rates in Your City

Bajaj Housing Finance shares were worth Rs 165 per share at the time of closing which is 137% higher than its initial price. The market cap of the stock was at Rs 1.37 trillion.

Analysts reported that the investors have full trust and confidence in the company's finances which are supported by Bajaj Group.

Analysts also said that according to them Bajaj Housing Finance was experiencing consistent growth with reasonable prices which made a perfect investment proposition.

Ambareesh Baliga, a market expert suggested keeping the holdings of the company shares for a long time. He said, "We have seen an IPO coming from Bajaj Group after a really long time. Bajaj Housing is a long-term bet and investors may hold it for some time as positive momentum may continue in the stock as long as the overall market sentiment remains buoyant.”

Also Read: Fuel Rates Today On September 12: Check the Latest Petrol and Diesel Price in Your City