Bajaj Housing Finance slips 6% as 90-day lock-in period ends

Bajaj Housing Finance

12/12/2024 08:54

** Shares of Bajaj Housing Finance Ltd  BAJO.NS  slide
nearly 6% to 133.03 rupees
    ** First lock-in period for high-profile anchor investors in
non-bank mortgage lender ended on Wednesday, which meant 50% of
the locked-in shares became available for trading on Thursday
    ** Over 45.5 mln shares traded, 3.7x 30-day avg volume
    ** Avg rating of five analysts tracking BAJO is "hold" -
LSEG data
    ** BAJO is down 11% since trading debut but remains well
above its issue price of 70 rupees

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))