An significant date for Bajaj Housing Finance coming forward will be April 15, as that is when its one-year shareholder lock-in period will finish.
Bajaj Housing Finance Shares Jump 6%
Shares of Bajaj Housing Finance Ltd., a Bajaj Group company and a unit of Bajaj Finance Ltd. are trading with gains of as much as 6% on Wednesday, March 19, extending their gains for the second day in a row.
The stock has risen 14% in the past month and is almost at a profit for the year. Although the stock continues to trade far above its IPO price of ₹70, it is still 34% below its post-listing high of ₹188, despite the current comeback.
All eyes are on the management of its parent business Bajaj Finance as the term of its MD & CEO Rajeev Jain draws to an end on March 31. His role after his term ends is still unknown, despite his insistence that he will stay with the company.
The stock has climbed 14% over the past month, edging closer to profitability for the year. While it continues to trade well above its IPO price of ₹70, it remains 34% below its post-listing peak of ₹188, despite its recent recovery.
Investor attention is now focused on Bajaj Finance’s leadership, as the tenure of its MD & CEO, Rajeev Jain, ends on March 31. Although Jain has emphasized his commitment to the company, his future role beyond his current term remains uncertain.
Add Business Connect magazine to your Google News feed
