Bajaj Housing Finance Stock Plummets 9% Amid Major Block Transactions

Post by : Bianca Suleiman

On December 2, Bajaj Housing Finance shares plunged over 9 percent following substantial block trades involving close to 22 crore shares shortly after the market opened. The stock reached a low of Rs 95, marking its lowest point since its strong launch in September 2024.

Multiple large trades saw approximately 21.77 crore shares exchanged at an average price of Rs 95.39, totaling nearly Rs 2,077 crore. This sudden influx of shares wiped off nearly Rs 7,000 crore from the company's market cap, which decreased from Rs 87,148 crore on December 1 to Rs 80,224 crore by 9:46 am the following day. Market analysts suggest that promoter Bajaj Finance was likely among the sellers.

This sharp decline occurred a day after the company announced plans for Bajaj Finance to divest up to 2 percent stake, equating to 16.66 crore shares, to maintain compliance with minimum public shareholding regulations. The sale will occur in one or more phases between December 2 and February 2026.

As per records from the July–September quarter of FY26, Bajaj Finance possessed an 88.70 percent stake, with the remainder held by public shareholders. A report from CNBC-Awaaz indicated a base price of Rs 95 per share for the impending sale, reflecting over a 9 percent discount from the last closing price. A 60-day lock-in period is also expected for the shares involved in the block trades.

The decline in stock value signifies a stark reversal from its remarkable debut last September when it opened at Rs 150, a 114 percent premium over its IPO price of Rs 70. Although it has dipped more than 36 percent since its launch, the stock remains around 36 percent above its IPO valuation.

The sudden influx of shares combined with discounted pricing and planned stake sales has triggered a swift market response, resulting in sustained pressure on the stock throughout the trading session.