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Starting Friday, Bajaj Housing Finance will be included in the Nifty Next 50 (Nifty Junior) index, a move expected to bring in net inflows of up to $17 million, according to Nuvama Alternative & Quantitative Research.
US Housing Finance Share Price.
Shares of Bajaj Housing Finance Ltd on Thursday jumped by 10 per cent, rebounding strongly after a three-day losing streak. The late-session surge coincided with the bi-annual rebalancing of NSE indices, which triggered inflows into multiple stocks, including Bajaj Housing Finance.
Starting Friday, March 28, Bajaj Housing Finance will be included in the Nifty Next 50 (Nifty Junior) index, a move expected to bring in net inflows of up to $17 million, according to Nuvama Alternative & Quantitative Research.
The stock, which had been under pressure earlier in the week, had initially made a blockbuster debut in 2024, listing at a premium of over 100 per cent against its issue price of Rs 70 per share. It later hit a post-listing high of Rs 188 before entering a correction phase.
Looking ahead, April could be a pivotal month for the company, as its shareholder lock-in period will expire. This will make 529 crore shares — over 64 per cent of its total outstanding equity — eligible for trading, as per Nuvama’s estimates. However, it’s important to note that an end to the lock-in period does not guarantee an immediate sell-off, but rather increases the available float in the market.
Even after Thursday’s sharp rally, Bajaj Housing Finance remains 33 per cent below its post-listing peak.
