Bajaj Housing Finance shares were listed on September 16 at Rs 150, a premium of 114%. However, even after listing, its share price has seen a strong rise in the last two days. Bajaj Housing Finance shares have been rising every day. In the last two days alone, it has given huge returns to investors.
Bajaj Housing Finance IPO price was Rs 70 and listed at Rs 150 per share. This issue has been subscribed over 68 times. On Tuesday, its share price was at Rs 181.50, up 10%. Those who acquired these shares have made huge profits. Now, a major update on this issue has been released.
At what price should these shares be purchased?
VLA Ambala, co-founder of SMT and SEBI-registered research analyst, said, “My advice to investors who can take the risk is to enter Bajaj Housing Finance at around Rs 165-175. If you already own the share, then even if it falls to Rs 130, you should maintain a 50% stake.”
Will the price go up to Rs 800?
Regarding Bajaj Housing Finance stock, Ambala’s suggestion is that the target price for Bajaj Housing Finance stock can be between Rs 300 and Rs 800. Although this target is quite ambitious, the demand for housing loans and the way the population is looking at it is increasing. Hence, the share can touch the target of Rs 800.
What are other brokers saying about this stock?
Narendra Solanki, head of equity research (fundamentals) at Anand Rathi Equities and Stock Brokers, said the company’s fundamentals are quite good. Its business growth is also quite good and its stock is also performing well. In such a scenario, there is a lot of growth potential. However, Rajesh Aggarwal, head of research at AUM Capital, said that investing in LIC Housing Finance stock is better than investing in Bajaj Housing Finance stock as its valuations look good.
First the money doubled, now the boom is like a storm
Bajaj Housing Finance Shares was listed on the stock market on Monday (the first trading day of the week). The listing premium was 114.29% compared to the price range, and the stock, which was priced at Rs 70, was listed for the first time at Rs 150. Not only that, the post-listing increase was huge, with a surge of 10% on the first day. Bajaj Housing shares continued to surge on Tuesday, and the company’s share price is currently up more than 8%.
(Note- Before investing in any stock, please consult your market expert.)
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