Bajaj Housing Finance

Bajaj Housing Finance: A Dream Debut with Bright Prospects 2024

Bajaj Housing Finance share price jumps 7% after dream debut. The shares opened at a strong ₹150 and quickly climbed to an intraday high of ₹161, indicating strong investor interest in the company.

Today's Stock Market (Bajaj Housing Finance):-

After receiving record bids exceeding ₹3.24 lakh crore. Bajaj Housing Finance’s share price was listed at a bumper 114 per cent premium. On the NSE and BSE, Bajaj Housing Finance share price opened at ₹150 a piece. This strong start suggests that investors are optimistic about the company’s future prospects.

Bajaj Housing Finance impressive debut continued to gain momentum. Despite reading a new high of ₹161, the stock remained in demand, underscoring strong investor confidence. Experts are optimistic about the stock’s long term potential, suggesting that the initial gains may be just the beginning. Shareholders are advised to maintain a long term perspective on their investment.

Arun Kejriwal, Founder of Kejriwal Research and Investment services offered advice to Bajaj Housing Finance shareholders. Despite the impressive initial gains, investors holding the  stock should consider implementing a stop-loss below the weighted average price of ₹ 155. If the stock remains above this level, it could signal further upside potential.

Bajaj Housing Finance

Astha Jain, Senior Research Analyst at HEM securities, highlighted Bajaj Housing Finance as a promising investment. She noted that the stock’s performance was likely influenced by the strong track record of Bajaj Group companies in the NBFC sector. Jain recommended a partial profit-taking strategy for long term investors suggesting they sell 50% of their holdings to record their initial investment. The remaining shares could be held for long term growth, with the option to re-invest any potential future clips.

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