Bajaj Housing Finance Stock Plummets to All-Time Low, Down 60% from Peak
Synopsis
Bajaj Housing Finance's shares have hit an all-time low, plummeting significantly since its record high. This article explores the dramatic fall and its implications for investors and the housing finance market.
Key Takeaways
Shares reached an all-time low of Rs 76.29.
Stock has declined 60% from its peak of Rs 188.50.
Current price is close to IPO at Rs 70.
Consolidated net profit fell 6% year-on-year.
Total income rose 15% year-on-year.
Mumbai, March 27 (NationPress) The shares of Bajaj Housing Finance faced continued pressure on Friday, marking a significant decline and reaching a new all-time low on the stock market.
During the trading session, the stock fell by nearly 4% to reach Rs 76.29 on the National Stock Exchange (NSE).
By midday, the stock was trading near its lowest point of the day at Rs 76.41, with robust trading activity as approximately 7 million shares changed hands.
This significant drop has brought the stock dangerously close to its issue price of Rs 70, with the current market price being less than 10% above the IPO level.
The decline indicates that the company has lost over 85% of the gains it achieved on its listing day.
The stock has seen a drastic correction since reaching its peak of Rs 188.50 on September 18, 2024, shortly after its public offering. Since then, shares have plummeted by approximately 60%.
Bajaj Housing Finance initially offered its IPO at Rs 70 per share and had a remarkable debut, listing at Rs 150, which represented a 114% gain for investors on the first trading day.
Established in 2008, this company is a subsidiary of Bajaj Finance and specializes in the housing finance sector.
In the third quarter of FY26, the company reported a 6% year-on-year decrease in consolidated net profit, amounting to Rs 4,066 crore.
Nonetheless, its total income increased by over 15% year-on-year to Rs 21,215 crore.
At the end of December, the company's assets under management reached Rs 4,88,477 crore.
In the past week, shares have declined by 4.14%, while the stock has fallen 12.29% over the last month.
Point of View
Highlighting the volatility and risks associated with stock investments in the housing finance sector. While the company has shown growth in revenue, the sharp drop in stock price raises questions about future performance and investor confidence.
NationPress
21 Jun 2026
Frequently Asked Questions
What caused Bajaj Housing Finance shares to drop?
The shares have experienced significant selling pressure, leading to a decline of about 60% since their peak, largely influenced by market conditions and investor sentiment.
How does the current stock price compare to the IPO?
Currently, the stock is trading close to its IPO price of Rs 70, with only a slight premium above that level.
What are the company's financials for the recent quarter?
In the third quarter of FY26, Bajaj Housing Finance reported a 6% decrease in net profit but a 15% increase in total income.
What is the company's market position?
Bajaj Housing Finance is a leading player in the housing finance sector and is a subsidiary of Bajaj Finance.
How have shares performed recently?
In the last five days, shares have dropped by 4.14%, and over the past month, they have declined by 12.29%.
