Bajaj Housing Finance Share Price Recovers 8% Today But Stock still Trading Below IPO Price
After plunging more than 9% on Monday, the share price of Bajaj Housing Finance recovered more than 8% in early trading on October 8. However, the Bajaj Housing Finance stock is still trading below its IPO listing price.
The stock increased by more than 8% during today’s trading session, reaching an intraday high of Rs 149 per share on the NSE. The stock dropped 9.67 percent in trading on October 7 and ended at Rs 136.03 per share.
The company’s current stock price is still less than what it was when it was listed last month. After being issued at a price of Rs 70, the company’s shares had their market debut on the BSE and NSE at Rs 150.
On September 11, the last day of bidding, the Rs 6,560-crore initial public offering (IPO) of Bajaj Housing Finance Ltd. was subscribed 63.60 times, mostly due to high demand from institutional investors.
