Bajaj Housing Finance has solidified its dominance in the housing finance sector by achieving a market capitalization of ₹1,51,155.86 crore. This impressive milestone now places its market cap above the combined total of 10 other listed housing finance companies, which together account for ₹1,49,035.66 crore.
Bajaj Housing Finance’s stock closed at ₹181.50 on the NSE today, reflecting strong investor confidence in the company’s robust growth strategy and leadership in the industry. This recent surge has enabled it to outpace competitors in the market, both in terms of market cap and stock performance.
Among its peers, LIC Housing Finance Limited follows with a market cap of ₹37,236.51 crore, and a closing price of ₹676.95. PNB Housing Finance Limited holds the second-largest market cap among the competitors, valued at ₹27,326.85 crore, with its shares closing at ₹1,052.00 on the NSE.
Other key players in the sector include Aadhar Housing Finance Limited (₹19,578.89 crore, ₹455.60 closing price), Aavas Financiers Limited (₹14,316.71 crore, ₹1,809.00 closing price), and Aptus Value Housing Finance India Limited (₹16,728.00 crore, ₹335.00 closing price). These companies, while significant in their own right, still fall short in comparison to Bajaj Housing Finance’s meteoric growth.
Here’s a detailed breakdown of the market caps and closing prices of the top housing finance companies as of September 17, 2024, 5 PM:
| Company | Market Cap (₹ Cr.) | Closing Price (₹) |
|---|---|---|
| Bajaj Housing Finance | 1,51,155.86 | 181.50 on NSE |
| Aadhar Housing Finance Limited | 19,578.89 | 455.60 on NSE |
| LIC Housing Finance Limited | 37,236.51 | 676.95 on NSE |
| Aavas Financiers Limited | 14,316.71 | 1,809.00 on NSE |
| Aptus Value Housing Finance India Limited | 16,728.00 | 335.00 on NSE |
| Can Fin Homes Limited | 11,746.86 | 882.20 on NSE |
| Home First Finance Company India Limited | 10,441.79 | 1,172.40 on NSE |
| India Shelter Finance Corporation Limited | 7,787.80 | 726.10 on NSE |
| Repco Home Finance Limited | 3,487.80 | 557.50 on NSE |
| PNB Housing Finance Limited | 27,326.85 | 1,052.00 on NSE |
| Star Housing Finance Ltd | 384.45 | 48.80 on BSE |
| Total of 10 other companies | 1,49,035.66 | – |
While companies like Can Fin Homes Limited (₹11,746.86 crore, ₹882.20 closing price) and Home First Finance Company India Limited (₹10,441.79 crore, ₹1,172.40 closing price) remain key players in the sector, Bajaj Housing Finance’s staggering market cap far outstrips the collective value of these competitors.
This achievement highlights the continued growth trajectory of Bajaj Housing Finance as it leverages its leadership position in the housing finance market. Through a combination of strategic initiatives and a strong focus on expanding its loan book, Bajaj Housing Finance is positioned for further growth in the coming years.
