Shares of Bajaj Housing Finance have surged 16% over the past month, climbing ₹12.56 to trade at ₹91.07. Despite the strong rally, the stock remained largely flat in the latest session, edging up 0.04% from its previous close of ₹91.03, indicating consolidation after recent gains. The sharp jump has brought the stock back into focus, especially as market experts continue to remain optimistic about its long-term growth trajectory. Deven Choksey, Managing Director at DRChoksey FinServ Pvt Ltd, has highlighted Bajaj Housing Finance as a preferred investment idea, citing strong growth potential driven by rising discretionary spending on housing assets.
Choksey noted that the company is growing faster than the broader housing finance industry and continues to expand across multiple lending verticals, reinforcing confidence in its business model and future outlook. The recent rally comes even after the stock witnessed a steep correction from its record high of ₹188.50, touched on September 18, 2024, shortly after its market debut. From those peak levels, the stock had declined nearly 60%, making the current recovery noteworthy for investors tracking turnaround opportunities.
Bajaj Housing Finance had launched its IPO at ₹70 per share and delivered a stellar listing at ₹150, translating into a 114% gain for investors on debut day. Founded in 2008, the company operates as a subsidiary of Bajaj Finance and has established a strong presence in the housing finance segment.
On the financial front, the company reported a 6% year-on-year decline in consolidated net profit at ₹4,066 crore for the third quarter of FY26. While the dip in profit may raise some concerns, analysts believe the company’s long-term fundamentals and sectoral tailwinds remain intact. Overall, the combination of a recent 16% surge, strong analyst backing, and improving sector outlook has positioned Bajaj Housing Finance as a stock to watch, even as it stabilizes after a sharp upward move.