Bajaj Stock Consolidation
So, the shares of one of the Bajaj stock have been kind of chilling out after going really high and then dropping a bit. Basically, the stock price went up a lot from when it first started being traded, but then it went down by 30% from its highest point. Right now, it’s around ₹125 and going back down after going up a little bit. Yes, you are correct the stock we are talking about is Bajaj Housing Finance.
Lock-in Period Ending
What’s a Lock-in Period?
On December 12, the stock went down by 6% because another group of people who owned the stock were allowed to start selling it. This is because their “lock-in period” ended. This means that they were not allowed to sell their shares before, but now they can if they want to.
Successful IPO
Bajaj Housing Finance had a really successful start when it first became a publicly traded company. A lot of people wanted to buy shares, and the company ended up getting way more money than they expected. This made the stock price go up a lot in the beginning.
Analyst Ratings
There are six experts who study this stock, and two of them say it’s a good idea to buy it, three say it’s better to sell it, and one says to just hold onto it for now. So, there are mixed opinions on whether it’s a good time to invest in Bajaj Housing Finance.
Current Stock Price
Right now, the stock is trading at ₹134, which is 5.2% higher than before. It hasn’t really changed much in the past month, though.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resources like Moneycontrol and NSE India.
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