On December 2, Bajaj Housing Finance shares experienced a sharp decline of more than 9 percent after significant block deals comprising nearly 22 crore shares were executed within moments of market opening. The stock dipped to Rs 95, marking its lowest point since its impressive market entry in September 2024.
In a series of substantial transactions, around 21.77 crore shares changed hands at an average price of Rs 95.39, leading to a transaction volume of nearly Rs 2,077 crore. This sudden influx of shares caused a decrease of nearly Rs 7,000 crore in the company’s market capitalisation, which plummeted from Rs 87,148 crore on December 1 to Rs 80,224 crore by 9:46 am the following day. According to market sources, it is believed that promoter Bajaj Finance was part of the selling group.
This drastic drop followed closely on the heels of the company announcing that Bajaj Finance aims to divest up to 2 percent stake, equating to 16.66 crore shares, to ensure Bajaj Housing Finance complies with minimum public shareholding standards. This divestment is scheduled to unfold in one or multiple phases between December 2 and February 2026.
As per figures from the July–September quarter of FY26, Bajaj Finance owned 88.70 percent of the stake, with the balance held by public investors. A report from CNBC-Awaaz indicated a base price of Rs 95 per share for the forthcoming sale, representing a discount of over 9 percent from the last recorded price. Additionally, a 60-day lock-in period is anticipated for the shares involved in the block transactions.
The recent downturn stands in stark contrast to its initial strong listing last September, where it was launched at Rs 150, showcasing a 114 percent premium over its Rs 70 IPO price. Despite the stock's decline of more than 36 percent from its debut rate, it still maintains a trading value around 36 percent higher than its IPO price.
The abrupt surge in supply, coupled with discounted pricing and planned promoter sales, has led to a significant market reaction, keeping the stock under pressure throughout the trading session.
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