Bajaj Housing Finance Shares Dip After Recent Surge

                Bajaj Housing Finance share price extended 
decline for the second straight session on 
Thursday, falling more than 7% amid profit 
booking at higher levels. Bajaj Housing 
Finance shares 
plunged as much as 7.3% to ₹161.00 apiece on 
the BSE.
Today's fall in Bajaj Housing Finance stock 
price comes after a 4.3% drop witnessed in the 
previous session. With this, Bajaj Housing 
Finance shares have fallen more than 11% in 
two 
trading sessions, followed by two sessions of 
healthy gains after listing.
The newly listed Bajaj Housing Finance shares 
hit a high of ₹188.45 apiece, taking its market 
capitalization to more than ₹1.5 lakh crore on 
September 18.
Bajaj Housing Finance shares made a stellar 
stock market debut on September 16 as the 
stock was listed at ₹150 per share, a premium 
of over 114% to the issue price of ₹70 apiece.

Bajaj Housing Finance stock came under 
selling pressure at higher levels on Thursday 
as investors opted for profit booking amid high 
valuations. Analysts believe Bajaj Housing 
Finance 
IPO investors may book profit after the recent 
surge in the stock price.
“Bajaj Housing Finance shares are likely to 
witness short-term profit booking after the rally 
post strong listing. While the long-term 
prospects of the company and housing finance 
industry 
in India are good, the price sustainability for 
Bajaj Housing Finance stock will take time,” 
said Avinash Gorakshakar, Head of Research 
at Profitmart Securities.
Gorakshakar believes the valuations of Bajaj 
Housing Finance shares look expensive at 
FY24 earnings.
He advises IPO investors should book part 
profit in their holdings of Bajaj Housing 
Finance shares, while suggesting that ₹150 - 
155 levels may be good entry levels for new 
investors.
At 10:10 am, Bajaj Housing Finance shares 
were trading 5.83% lower at ₹163.56 apiece on 
the BSE. 



Source : LiveMint