Bajaj Housing Finance Shares Rise 1% After ₹500 Crore NCD Fund Raise

Bajaj Housing Finance shares rose 1.10% to ₹90.12 on Thursday, up from the previous close of ₹89.24, as investors reacted positively to the company’s ₹500 crore fund-raising through secured non-convertible debentures (NCDs). The housing finance company announced that its Debenture Allotment Committee approved the private placement of 50,000 secured, redeemable NCDs with a face value of ₹1 lakh each. The debentures carry an interest rate of 7.25% per annum and will mature on January 22, 2029.

Market participants viewed the move as supportive for the company’s growth plans, as the fresh capital is expected to strengthen lending operations and improve long-term liability management without diluting equity. The relatively competitive borrowing cost also signals strong investor confidence in Bajaj Housing Finance’s credit profile, aiding positive sentiment around the stock during today’s trade. The stock has been on a downward trajectory for four consecutive trading sessions, cumulatively losing 3.66% over this period. Bajaj Housing Finance is currently trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish momentum.

Despite the stock’s price weakness, Bajaj Housing Finance has demonstrated strong fundamental growth over the long term. The company’s operating profits have grown at a compound annual growth rate (CAGR) of 27.65%, while net sales have expanded at an annual rate of 30.00%. This growth trajectory is reflected in the company’s quarterly results, which have been positive for four consecutive quarters. In the most recent quarter, net sales reached a record high of Rs.2,754.85 crores, with profit before depreciation, interest, and taxes (PBDIT) also hitting a peak of Rs.2,502.17 crores. Bajaj Housing Finance shares have halved from their post-listing peak of ₹188.5, a level reached within days of listing. The stock is now trading much closer to its IPO price of ₹70 per share, highlighting the sharp correction since debut.