Bajaj Housing Finance Limited witnessed a significant boost in its market capitalization on October 8, 2024, as the stock surged by nearly 10%. The stock opened at ₹135.40 and hit a high of ₹149.63, marking a 10% increase from the previous closing price of ₹136.03.
As a result of this sharp rise, Bajaj Housing Finance’s market capitalization gained a whopping ₹11,368.66 crores, bringing the total market cap to ₹1,24,614.06 crores. The rally follows strong investor sentiment and increased buying interest, which contributed to the significant rise in the company’s share price.
The company had seen its stock fluctuate over the past weeks, but today’s jump solidified its position in the housing finance sector. With a traded volume of over 640 lakh shares and a total traded value of ₹918.67 crores, the stock demonstrated strong demand in the market.
Investors are keenly watching how the company capitalizes on its recent performance, and the nearly 10% rise today highlights the market’s optimism regarding its future prospects.
