- The momentum in the price of Bajaj housing shares is that the sellers are strongly controlled, but recent results of income form a strong basis for a return.
The Bajaj Housing Finance Share Price expanded its downtrend, briefly destroying under the support level of Rs 115. That was seen to have lost 4.4% of its value in the last five sessions, with its monthly return to -1.2%. In addition, it is currently 23% below the price first listed nearly 8 months ago.
However, at Rs 116, the current price is still 64% above the IPO price of Rs 70. It has helped reduce down pressure in stock, as many early investors still earn. Interestingly, the downtrend of sharing price of Bajaj Finance Finance began one week after locking in for shareholders ended. That would make 5.291 billion parts available to be exchanged.
While not all shareholders have exchanged their shares, the figure is large, as it represents 64% of all the remaining equity of the company. As a result, the massive supply of equities contributed to the dilution of sharing prices. Despite the downward pressure on the price of Bajaj's housing shares, the latest quarterly results point to a strong financial stand.
The company's properties under Management (AUM) grew 25.5% yoy in the quarter ending March 3, 2025 to reach Rs 14 Lakh Crore (approximately $ 13.73 billion). In addition, its loan book has grown by Rs 99,500 crore (approximately $ 12 billion). It forms a strong foundation for an inverted Bajaj housing price sharing price.
See also
Bajaj Housing's price share of sharing
Bajaj Housing shares the price of pivots at Rs 117 and the momentum favors the downside to dominate. Immediate support is likely to be at Rs 114. However, if the seller expands their control, the price will be damaged below that level and can test second support at Rs 112.
On the other hand, the momentum can move upside down if the price breaks above Rs 117. The first level of resistance established at Rs 119 is likely to be seen. The downside narrative is invalid if the price breaks below that level. Also, an extended consumer control may push the price higher to test Rs 120.
