Bajaj Housing Finance Shares Plunge as Promoter Plans Stake Sale
Shares of Bajaj Housing Finance tumbled 9% to hit their 52-week low of Rs 94.90 on the BSE on Tuesday, December 2. This significant drop came after a block deal in which the company’s promoter, Bajaj Finance, reportedly sold a 2.35% equity stake worth Rs 1,890 crore.
According to market reports, about 19.5 crore shares of Bajaj Housing Finance changed hands in this block deal at a price of Rs 97 per share. The offer floor price for the deal was set at Rs 95 per share, reflecting a 9% discount from the stock’s closing price of Rs 104.59 on the National Stock Exchange (NSE) in the previous trading session.
Bajaj Finance currently holds an 88.70% stake in Bajaj Housing Finance, which equates to more than 739 crore equity shares. The proposed block deal involved approximately 16.6 crore equity shares.
Despite the recent stock performance, Bajaj Housing Finance has delivered strong financial results. For the quarter ended September 2025, the company reported a net profit of Rs 643 crore, up 18% from Rs 546 crore in the same quarter of the previous financial year. Revenue for the quarter stood at Rs 2,755 crore, a 14% increase from Rs 2,410 crore in the same quarter last year. On a sequential basis, profit after tax (PAT) rose 10% to Rs 583 crore in Q1FY26, while revenue increased 5.3% from Rs 2,616 crore reported in the April-June quarter of FY26.
Bajaj Housing Finance made its market debut on September 16, 2024. Since listing, the stock has declined 23% over the past 12 months and is currently trading below its 50-day and 200-day simple moving averages of Rs 109 and Rs 116, respectively. Market indicators suggest the stock is in a strongly oversold zone, with the Money Flow Index (MFI) hovering around 23, well below the 30-mark typically used to signal oversold conditions.
The company’s Rs 6,560 crore IPO had attracted significant investor interest, with the issue subscribed 67.43 times. Retail investors alone placed bids at 7.4 times their allocated quota. The IPO was priced in the range of Rs 66–70 per share.
Bajaj Housing Finance, a subsidiary of Bajaj Finance, is a leading Housing Finance Company in India, providing a wide range of housing and home improvement loans. The company’s strong market presence and robust financial performance have made it a notable player in the Indian financial sector.
