Shares of Bajaj Housing Finance faced continued pressure on Friday, dropping nearly 4% to reach Rs 76.29 on the National Stock Exchange. Trading activity remained robust, with around 7 million shares changing hands by midday. This decline brings the stock close to its issue price of Rs 70, now trading less than 10% above its IPO level.
The sharp fall has wiped out over 85% of the gains the company made on its listing day. Since reaching a record high of Rs 188.50 on September 18, 2024, shortly after its market debut, the stock has plummeted by about 60%. Bajaj Housing Finance, a subsidiary of Bajaj Finance, specializes in the housing finance sector.
Despite a 6% year-on-year decline in consolidated net profit at Rs 4,066 crore in the third quarter of FY26, the company saw its total income surge over 15% to Rs 21,215 crore. As of the end of the December quarter, the company’s assets under management totaled Rs 4,88,477 crore. Over the past five days, the stock has dropped by 4.14%, with a 12.29% decline in the last month.
