Bajaj Housing Finance Stock Price Today : The stock of Bajaj Housing Finance, one of the leading housing finance companies in the country, made its stock market debut today on September 16 (Bajaj Housing Finance Stock Market Listing).But it has made investors happy. This stock got listed in the market at a price of Rs 150, while the IPO price was Rs 70. That means the investors’ money doubled on listing. They got 115 percent return. This IPO has received record subscription in terms of amount. Currently, those who have been allotted shares in this IPO have made a lot of money. The question is what should be done after listing gains.
Tata Motors: Be alert on this multibagger stock now, a big fall may come, why did the brokerage give Sell rating
Record subscription was received
The size of Bajaj Housing Finance’s IPO was Rs 6560 crore, while investors had placed bids for Rs 3,23,790.40 crore. That is, it received bids for 46,25,57,71,082 shares in exchange for 686,000,009 shares.
This IPO has been subscribed 67.43 times overall. The reserve portion for QIB was filled 222.05 times. The reserve portion for NII was filled 43.98 times and the reserve portion for retail investors was filled 7.14 times. The reserve portion for employees was filled 2.13 times and the reserve portion for others was filled 18.54 times.
SBI Alert! Why did the brokerage change its mood on SBI stock, gave it a Sell rating, the price may fall to Rs 742
Bajaj Housing Finance: Stock outlook strong
According to brokerage house Deven Choksey Research, the outlook looks better due to the company’s substantial brand equity, strategic business expansion plans, wide geographical coverage and advanced technological infrastructure. These factors are expected to improve operational efficiency and maintain favorable credit costs supported by better asset quality.
Vodafone Idea Alert: Vodafone Idea stock expected to fall by 81%, new target is Rs 2.5, have you invested
According to brokerage house BP Equities, the company has shown strong performance by strategically focusing on increasing direct home loan originations and increasing the average ticket size across its product group. These products have contributed to the improvement in the OPEX/Asset ratio in recent years. In addition, strategic changes in AUM and product mix have mitigated the adverse effects of rising funding costs on portfolio expansion.
(Disclaimer: The views or advice on the stock are given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert advice before investing.)
