Bajaj Housing Finance Share Price: The shares of Bajaj Housing Finance, a subsidiary of Bajaj Finance, continue to fall. On Friday, shares of Bajaj Housing Finance fell from its lifetime high of Rs 188.45 to a new lifetime low of Rs 117.20. As of 12:00 noon today, the company’s shares were trading at Rs 119.75, down 0.95 percent (Rs 1.15). The company’s shares, which closed at Rs 120.90 on Thursday, opened with a decline today at Rs 120.05.
Share reached new lifetime low of Rs 117.20
During trading on the last day of the week, shares of Bajaj Housing Finance ranged from an intraday high of Rs 120.85 to an intraday low of Rs 117.20, which also became its new lifetime low. According to BSE data, the current market cap of the company is Rs 99,646.28 crore.
The company was listed in the stock market on September 16.
Let us tell you that Bajaj Housing Finance was superhit listing in the stock market on 16 September last year. The company’s shares were listed in the stock market at a price of Rs 150.00. Whereas, the company had allotted shares at the price of Rs 70 under its IPO. That means, investors made more than 100 percent profit on the listing itself. Even after listing in the market, the rise in the company’s shares continued and its price reached Rs 188.45 in no time. However, when it started declining, it fell to Rs 117.20 today.
Despite huge fall in shares, IPO investors in profit
But, all those investors who had got shares in the IPO are still in profit. Let us tell you that the IPO of the company was opened on 9th September and closed on 11th September. The company had given 214 shares in one lot to each investor under its IPO.
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