Shares of Bajaj Housing Finance Limited fell by 1.93%, losing ₹2.64 to trade at ₹134.19 on the NSE as of 10:21 AM on October 24, 2024. This decline in stock price has contributed to a notable reduction in the company’s market capitalization.
Market Cap Details:
- Previous Market Cap: ₹1,13,888.04 crore (approx.)
- Current Market Cap: ₹1,11,755.40 crore
- Market Cap Loss: ₹2,132.64 crore
Stock Price Details:
- Open: ₹136.00
- High: ₹136.25
- Low: ₹133.55
- Previous Close: ₹136.83
Analysis:
Bajaj Housing Finance shares experienced a decline as part of broader market trends affecting the housing finance sector. The company, listed just a few months ago in September 2024, is facing increasing volatility in its stock performance, with investors cautious about near-term growth prospects in the housing finance market.
As market sentiment continues to fluctuate, Bajaj Housing Finance will need to address investor concerns through robust financial performance in the upcoming quarters.
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