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Bajaj Housing Finance Shares Crash 60% from Peak, Hit Record Low

Shares of Bajaj Housing Finance plunged nearly 4% to a fresh all-time low of Rs 76.29, extending a prolonged downtrend. The stock has now collapsed approximately 60% from its record high of Rs 188.50 reached in September 2024. This steep correction has brought the share price perilously close to its IPO issue price of Rs 70, erasing most of its strong listing day gains. The company, a subsidiary of Bajaj Finance, recently reported a 6% year-on-year decline in consolidated net profit for Q3 FY26 despite a rise in total income.

Key Points: Bajaj Housing Finance Shares Plunge 60%, Hit All-Time Low

  • Shares hit all-time low of Rs 76.29
  • Down 60% from Sept 2024 peak
  • Nears IPO price of Rs 70
  • Erased 85% of listing day gains
  • Q3 net profit fell 6% YoY
2 min read

Bajaj Housing Finance shares hit record low, slip 60 pc from peak

Bajaj Housing Finance stock crashes to record low, down 60% from its 2024 peak and nearing its IPO price. Analysis of the steep decline and Q3 results.

"The sharp fall has brought the stock close to its issue price of Rs 70."

Mumbai, March 27

Shares of Bajaj Housing Finance remained under pressure on Friday, extending their prolonged downtrend and hitting a fresh all-time low on the stock exchanges.

The stock slipped nearly 4 per cent during the session to touch Rs 76.29 on the National Stock Exchange (NSE).

By around noon, the stock was hovering close to its day's low at Rs 76.41, with strong trading activity as nearly 7 million shares changed hands.

The sharp fall has brought the stock close to its issue price of Rs 70, with the current market price now less than 10 per cent above its IPO level.

The decline also means that the company has erased more than 85 per cent of the gains it made on its listing day.

The stock has seen a steep correction since hitting its record high of Rs 188.50 on September 18, 2024, shortly after its debut in the market. From those levels, the shares have dropped about 60 per cent.

Bajaj Housing Finance had launched its IPO at Rs 70 per share and delivered a strong debut, listing at Rs 150, which translated into a gain of 114 per cent for investors on the first day of trading.

Founded in 2008, the company is a subsidiary of Bajaj Finance and operates in the housing finance segment.

In the third quarter of FY26, the company reported a 6 per cent year-on-year decline in consolidated net profit at Rs 4,066 crore.

However, its total income rose more than 15 per cent year-on-year to Rs 21,215 crore.

The company's assets under management stood at Rs 4,88,477 crore at the end of the December quarter.

In last five days, it dropped by 4.14 per cent. The stock dropped 12.29 per cent in last one month.

- IANS

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Reader Comments

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Priya S
Very worrying trend for a Bajaj group company. A 6% drop in net profit YoY while income rose 15% suggests their cost of funds or NPAs might be increasing. The housing finance sector is facing headwinds with high interest rates. Hope the management has a clear turnaround plan, because this fall from Rs 188 to Rs 76 is brutal for retail investors.
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Aman W
Bhai, maine 160 ke around liya tha... ab toh bas dekh raha hoon. SIP ki tarah average karne ka soch raha hoon, lekin dar lag raha hai ki aur neeche jaaye. Brand Bajaj ka naam hai, isliye thoda confidence hai, but 60% downfall is no joke. 🤯
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Sarah B
Looking at the AUM of nearly Rs 4.9 lakh crore, the company has massive scale. The current price might be a good entry point for a long-term bet on India's housing story. The quarterly profit dip is a concern, but the 15% income growth is solid. Sometimes the best investments are made when there's maximum fear in the market.
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Karthik V
This shows the danger of IPO frenzy. Media and analysts create so much hype, small investors get carried away and buy at any price. SEBI should maybe review the IPO pricing mechanism. The company raised money at Rs 70, it listed at 150, and now it's back near 70. Who benefited? Not the common investor.
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Nikhil C
The whole NBFC

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