Prøve GULL - Gratis
Bajaj Housing Finance IPO doubles on listing: Book profit or hold?
The Business Guardian
|September 17, 2024
Bajaj Housing Finance shares made a bumper debut on the stock exchanges today, riding high on the positive market sentiment.
-
Bajaj Housing shares listed at Rs 150 on the BSE, and the National Stock Exchange (NSE), surging 114.28 per cent above the IPO issue price of Rs 70 on Monday.
Roughly 697.62 million shares, together, changed hands on the NSE and the BSE, resulting in the stock hitting 10-per cent upper circuit during the day.
By close, the share commanded a market price of Rs 165 per share, a staggering 137 per cent surge over its issue price. Its market-cap stood at Rs 1.37 trillion. By comparison, the benchmark BSE Sensex ended 98 points (0.12 per cent) higher on the BSE on Monday.
Analysts say the listing reflects investors' unwavering confidence in the company's robust financials, backed by the prestigious Bajaj Group.
Denne historien er fra September 17, 2024-utgaven av The Business Guardian.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Business Guardian
The Business Guardian
TIME AND TIDE MAY FAIL, BUT SPIRIT PREVAILS
Life is not always smooth.
2 mins
December 12, 2025
The Business Guardian
Balu Forge Launches 100% Make-in-India Automated Empty Shell Production Line in Belgaum
Balu Forge Industries Ltd (Balu Forge or the Company) (BSE: 531112 | NSE: BALUFORGE), a precision engineering company engaged in the manufacturing of forged and machined components, has commenced operations of its empty shell production line - one of the first 100% indigenously built production line in India - at its greenfield manufacturing campus in Belgaum, Karnataka.
1 mins
December 12, 2025
The Business Guardian
A QUIET FINANCIAL TRANSFORMATION IS RESHAPING URBAN INDIA
The urban local bodies of India are entering a decisive time-one in which their financial frameworks will decide whether Indian cities can merely cope with the growth a strongly shaped India's future.
4 mins
December 12, 2025
The Business Guardian
IndiGo offers Rs 10,000 travel vouchers to passengers stranded during turmoil
IndiGo will offer travel vouchers worth Rs 10,000 to such severely impacted customers over the past few days, and those vouchers can be used for any future IndiGo journey for the next 12 months, a spokesperson from the airline said Thursday.
1 min
December 12, 2025
The Business Guardian
KARMA YOGA IN ACTION: MEDITATE THROUGH YOUR WORK
When we talk of work we simply understand the job that we do to earn our daily breads.
4 mins
December 12, 2025
The Business Guardian
DELHI-NCR AIR QUALITY IMPROVES SLIGHTLY, LAYER OF SMOG COVERS CITY
Delhi's air quality stays poor as smog reduces visibility and stations worsen.
1 mins
December 12, 2025
The Business Guardian
Sensex rises 400 points after three-day fall
Indian stock benchmarks inched up on Thursday after three consecutive sessions of losses, with auto, metals, and pharma leading the gains among the sectoral indices.
2 mins
December 12, 2025
The Business Guardian
'India's bond market needs to be seven times larger to match global standards'
India's bond market needs to be seven times larger to support India's growth, increase liquidity, broaden the investor-issuer base (especially mid-sized firms), and reduce bank dependence, aiming for global scale.
3 mins
December 12, 2025
The Business Guardian
US FED CUTS RATES BY 25 BPS AMID UNCERTAIN ECONOMIC OUTLOOK
The new target range now stands between 3.5 per cent and 3.75 per cent, down from 3.75 per cent to 4 per cent.
1 mins
December 12, 2025
The Business Guardian
World Bank approves $600-mn aid to promote clean air in Haryana, UP
The World Bank has approved financing for two critical programs in the Indian states of Uttar Pradesh and Haryana to help improve air quality.
1 mins
December 12, 2025
Listen
Translate
Change font size