Bajaj Housing Finance Limited (BHFL) has been making headlines with its impressive performance in the stock market following its recent Initial Public Offering (IPO). The shares have grown significantly, attracting positive attention from analysts and investors alike.
Post-IPO Performance
Since its IPO, BHFL shares have experienced a remarkable rally. The stock has recently surged by 160%, hitting its 10% upper circuit at ₹181.50 on the National Stock Exchange (NSE). This upward trend has continued, reflecting strong investor confidence in the company’s prospects.
Analyst’s Positive Outlook
An analyst from PhillipCapital has given BHFL its first ‘buy’ rating, predicting that the shares could potentially triple from their IPO price. The analyst’s optimistic outlook is based on the expectation that BHFL’s balance sheet could expand to ₹2 lakh crore over the next three years. This positive sentiment has further fueled investor interest in the stock.
Listing Performance
On its listing day, BHFL shares ended at ₹165 apiece on the NSE, marking a 135.71% premium to the IPO price. The strong listing performance has set a positive tone for the stock, which has continued to perform well in the days following its debut.
Key Points
- IPO Success: BHFL shares have rallied 160% since their IPO.
- Analyst Rating: Phillip Capital analyst predicts shares could triple from IPO price.
- Balance Sheet Growth: BHFL’s balance sheet is expected to reach ₹2 lakh crore in three years.
- Listing Day Performance: Shares ended at ₹165 apiece, a 135.71% premium to the IPO price.
Conclusion
The impressive performance of BHFL shares post-IPO highlights the strong market confidence in the company’s growth potential. With positive analyst ratings and robust financial projections, BHFL is poised to continue its upward trajectory, making it a stock to watch in the coming months.
