Bajaj Housing Finance shareholders hit the jackpot
Bajaj Housing Finance shareholders hit the jackpot…
Bajaj Housing Finance Share, a housing finance company of Bajaj Group, made investors rich even on the second day of its debut on the stock exchange. In the session of Tuesday, september 17, 2024, Bajaj Housing Finance stock has jumped 10 per cent to Rs 181.50 and after a 10 per cent rise, the stock has hit an upper circuit. But the rise in the stock of the company that brought the most explosive IPO of 2024 is not going to stop here. Brokerage firm Phillip capital has predicted that the stock can give three times the return of its issue price.
Up to 300 percent return possible for investors!
Phillip capital has released a report on the second day of the listing of Bajaj Housing Finance and advised investors to buy the stock. According to Phillip capital, the stock of Bajaj Housing Finance can give a return of 300 percent i.e. three times its IPO price of Rs 70 and the stock can go up to the level of Rs 210. That is, the stock can give a return of 27 percent from Monday's closing level and 16 percent from today's price level. The brokerage house said in its report, Bajaj Housing Finance is in the strongest position in its sector as the company's average home loan ticket data-size is more than Rs 50 lakh. According to the brokerage house, the balance sheet of the housing finance company will be more than Rs 2 lakh crore in the next three years.
Upper circuit in stock for the second consecutive day
Bajaj Housing Finance, which brought the most explosive IPO of 2024, after raising record money in the IPO, gave investors a return of 136 percent in a few hours of trading on Monday, september 16, 2024, the day of stock listing. The stock with an issue price of Rs 70 reached Rs 165 on the very first day. On the second day too, Bajaj Housing Finance's stock is at a high of Rs 181.50 with a gain of 10 percent and the stock has hit an upper circuit. That is, a stock worth Rs 70 has given a return of 160 percent to investors in two days. You can understand it in this way that if an investor gets Bajaj Housing Finance shares worth Rs 1 lakh, then an investment of Rs 1 lakh has become Rs 2.60 lakh in just two trading sessions.