Bajaj Housing Finance shares dropped nearly 9% on Tuesday morning, hitting a fresh 52-week low of Rs 95.57 as of 9:30 am. The fall adds to a steady decline that has stretched over months.
Bajaj Housing Finance stock has now slipped almost 10% in the past 5 days, 13% in the past month, 22.83% in the last 6 months, 28.85% over the past year and 41.46% over the last five years.
The latest slide comes after a large block deal and a planned stake sale by its promoter, Bajaj Finance Ltd.
WHAT TRIGGERED TODAY’S FALL
A total of 19.5 crore shares, equal to 2.35% of the company’s equity, changed hands on Tuesday through the block deal window. The shares were traded at Rs 97 apiece, with the total deal size coming to Rs 1,890 crore.
This heavy volume came just a day after Bajaj Housing Finance announced that its promoter, Bajaj Finance, would sell up to 2% of its stake through open market transactions. The move is aimed at meeting the minimum public shareholding norms set by the market regulator.
As of the end of the September quarter, Bajaj Finance held 88.7% of Bajaj Housing Finance. To comply with public shareholding rules, a part of this ownership must be reduced.
The proposed sale involves up to 166.6 million shares and will take place in one or more tranches between December 2, 2025, and February 28, 2026.
Media reports suggest the block deal is worth around USD 176 million, with a base price of Rs 95 per share, about 9.6% lower than Monday’s closing price. Such a steep discount usually puts pressure on the stock in the short term, as it signals that shares are being offloaded at cheaper valuations.
Bajaj Finance has also agreed to a 60-day lock-up for any further share sale. Additionally, both promoters, Bajaj Finance and Bajaj Finserv, have committed not to purchase shares on days when the sale takes place, in line with Sebi rules.
Bajaj Housing Finance made its stock market debut last year at an IPO price of Rs 70 per share. The stock gained sharply after listing and touched highs close to Rs 190. However, it has since cooled off and is now down nearly 50% from those peak levels.
The company offers home loans, loan against property and developer financing and is considered a strong player in the housing credit space. But with promoter stake sales and persistent selling pressure, near-term volatility is likely to continue.
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