Shares of newly-listed Bajaj Housing Finance on Tuesday surged 10 per cent to hit the upper circuit, extending the listing day gains.
The stock jumped 10 per cent to hit ₹181.48 on the BSE.
On the NSE, shares of the firm surged 10 per cent to ₹181.50 — the highest permissible trading limit for the day.
The company’s market valuation climbed ₹13,733.12 crore to ₹1,51,139.21 crore. The stock has surged 159.28 per cent from its issue price of ₹70.
Bajaj Housing Finance Ltd remained the most valued housing finance company in the country.
Housing & Urban Development Corporation stood at the second position with a market valuation of ₹49,056.56 crore, followed by LIC Housing Finance at ₹37,239.27 crore, PNB Housing Finance (₹27,333.34 crore), Aadhar Housing Finance (₹19,531.62 crore), Aptus Value Housing Finance India Ltd (₹16,638.12 crore), AAVAS Financiers (₹14,461.15 crore), Sammaan Capital (₹11,816.40 crore), Can Fin Homes (₹11,717.56 crore) and Home First Finance Company India (₹10,419.52 crore).
Shares of Bajaj Housing Finance made a solid market debut on Monday and closed with a huge premium of nearly 136 per cent against the issue price of ₹70.
The stock was listed at ₹150 on the BSE and NSE, reflecting a jump of 114.28 per cent from the issue price.
The ₹6,560-crore initial public offer of Bajaj Housing Finance received 63.60 times subscription on September 11.
Trafiksol ITS
BSE on Tuesday postponed the listing of SME company Trafiksol ITS Technologies Ltd, whose initial public offering (IPO) was subscribed 345 times, after the stock exchange received certain queries about the firm.
This is the first instance in recent times when an exchange has deferred the listing of an SME company post a successful completion of an IPO and comes in the backdrop of the markets regulator Sebi raising red-flag over unrealistic business projections by several small and medium enterprises (SMEs).
The listing of Trafiksol ITS Technologies was originally scheduled for Tuesday on the BSE SME platform but the exchange has turned cautious and announced that the company’s debut will be postponed until all queries are satisfactorily resolved
PTI
