Posted on February 24, 2025, by Niftynews
Bajaj Housing Finance share is currently in the spotlight as it faces a sharp decline from its all-time high. The housing finance company, part of the Bajaj Group, saw its stock debut on the National Stock Exchange (NSE) at Rs 150, after issuing shares at Rs 70 per piece during its IPO in September 2024. While the stock initially surged, reaching a peak of Rs 188.50, it has since plummeted by 40%, leaving investors wondering about its future trajectory.
Bajaj Housing Finance IPO and Market Performance
The Bajaj Housing Finance IPO launched in September 2024, issued shares at a price of Rs 70. The stock saw a stellar debut, rising more than 100% to Rs 150 on the day of its listing. It reached an all-time high of Rs 188.50 on September 18, 2024. However, following this peak, the stock has faced sharp profit booking, resulting in a 40% decline from its high. As of February 24, 2025, Bajaj Housing Finance shares were trading flat at Rs 114 apiece.
Despite the recent drop, Bajaj Housing Finance has received positive recognition globally. The company has been included in FTSE’s latest semi-annual review of its Global Equity Index Series, effective from March 21, 2025. This inclusion could offer some stability for investors looking for long-term prospects.
Bajaj Housing Finance Share Analysis and Expert Recommendations
Market expert Dhwani Shah Patel, the founder of Finversify, recently shared insights into the current momentum of Bajaj Housing Finance shares. According to Patel, the stock has been in a downward trend for an extended period. On the chart, the shares have found some support at the Rs 105 to Rs 107 level, which could act as a base for potential recovery.
Target Price for Bajaj Housing Finance Share
Patel suggests that as long as the Bajaj Housing Finance stock holds above Rs 105 to Rs 107, there is potential for a pullback rally in the short-term. The target price for Bajaj Housing Finance shares is Rs 125, provided the stock can overcome the resistance levels. Patel points out that the stock faces strong resistance in the range of Rs 120 to Rs 125. For any upward movement to continue, the stock must decisively break through this zone.
Stop Loss Strategy for Bajaj Housing Finance Stock
As for risk management, the expert recommends setting a stop loss at Rs 105. This would help limit potential losses if the stock falls below the support level. Traders holding Bajaj Housing Finance shares should focus on the Rs 105 to Rs 107 range as a critical threshold for the stock’s performance.
Bajaj Housing Finance: Market Capitalization and Future Outlook
As of February 24, 2025, Bajaj Housing Finance has a market capitalization of Rs 94,899.23 crore, according to the BSE. While the stock has seen a significant pullback, its inclusion in FTSE’s Global Equity Index Series is a positive sign for its long-term growth.
Investors should carefully monitor the stock’s performance around the Rs 105 to Rs 107 level, as this could be a key indicator of its potential for recovery. The outlook for Bajaj Housing Finance share is dependent on overcoming the resistance at Rs 120 to Rs 125 and maintaining stability at the support level of Rs 105.
Conclusion: What Should Bajaj Housing Finance Shareholders Do?
In conclusion, Bajaj Housing Finance shares have seen a sharp decline but are showing signs of potential recovery. Expert analysis suggests a target price of Rs 125, with a stop loss at Rs 105 for short-term traders. As Bajaj Housing Finance continues to expand its offerings in property loans and renovations, its future outlook could improve, especially if it can break through key resistance levels.
For investors looking to enter the stock, keeping a close eye on the price movements around the Rs 105 to Rs 107 support zone and the Rs 120 to Rs 125 resistance range is crucial.
