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Bajaj Housing Finance Share Price Hits 10% Upper Circuit

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Synopsis:

Bajaj Housing Finance share price hit a 10% upper circuit a day after listing at Rs 150. The stock surged 137% above its issue price, reaching a high of Rs 181.48.

Bajaj Housing Finance shares experienced a significant surge on September 17, reaching a 10% upper circuit at Rs 181.48 per share. This notable rise follows the company's strong IPO listing on September 16, where the stock debuted at Rs 150 per share, an impressive 114.28% above its issue price of Rs 70.

As of 11:50 AM on Tuesday, the Bajaj Housing Finance share price stood at Rs 180, reflecting a 9.09% increase. The stock's performance has garnered substantial attention as investors witnessed rapid gains just a day after the company's debut on the BSE and NSE.

By the close of trading on Monday, the Bajaj Housing Finance share price was Rs 165, marking a 137% increase over the initial issue price. With this substantial price movement, the company's market capitalization soared to Rs 1.37 trillion. Analysts believe Bajaj Housing Finance's strong financials and strategic positioning contribute to its appeal among investors.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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