Bajaj Housing Finance shares hit 10% upper circuit limit after blockbuster debut
The Hindu
Bajaj Housing Finance Ltd stock soars 10% on debut, hitting upper circuit limit with strong market valuation growth.
Shares of newly-listed Bajaj Housing Finance Ltd on Tuesday (September 17, 2024) surged 10% to hit the upper circuit limit, extending the listing day gains.
The stock jumped 10% to hit the upper circuit limit of ₹181.48 on the BSE.
At the NSE, shares of the firm surged 10% to ₹181.50 - the highest trading permissible limit for the day.
The company's market valuation climbed ₹12,417.27 crore to ₹1,49,823.36 crore.
Shares of Bajaj Housing Finance Ltd made a solid market debut on Monday and ended with a huge premium of nearly 136% against the issue price of ₹70.
The stock was listed at ₹150 on the BSE and NSE, reflecting a jump of 114.28% from the issue price.
The ₹6,560-crore initial public offer of Bajaj Housing Finance Ltd received 63.60 times subscription on September 11, the last day of bidding, amid overwhelming participation from institutional buyers.
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