Bajaj Housing Finance Share Price : You must remember the recent strong listing of Bajaj Housing Finance shares. The decline in the stock market continues. Now the shares of Bajaj Housing Finance also came under selling pressure on Monday. The stock is seeing a decline of 7 percent. Due to the selling, the stock also slipped from the listing price of Rs 150. Bajaj Finance Housing shares opened at Rs 150.60 and fell nearly 7 percent to a low of Rs 140. Bajaj Housing Finance shares are trading below the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. The company's market cap is Rs 1.16 lakh crore.

Why are Bajaj Housing Finance shares slipping?

Bajaj Housing Finance shares are witnessing selling pressure after HSBC's brokerage report. HSBC has initiated coverage on Bajaj Housing Finance with a REDUCE rating. It has set a price target of Rs 110.

HSBC in its report called Bajaj Housing Finance a 'high-quality franchise' with a diversified AUM mix, well-managed liquidity and return on assets (ROA). It said Bajaj Housing Finance currently trades at 5.5 times FY26 price-to-book and 44 times FY26 price-to-earnings, which means there are expectations of growth in AUM and earnings under management as well.

Bajaj Housing Finance said its AUM crossed the Rs 1 lakh crore mark during the second quarter, registering a growth of 26 percent over the last year.

Bajaj Housing IPO Details

Shares of Bajaj Housing Finance made a strong market debut last month, listing at Rs 150 against a price band of Rs 70, marking a gain of 115 percent. Bajaj Housing Finance's Rs 6,560 crore IPO was subscribed 63.60 times. The price band of the offer for the initial share sale was Rs 66-70 per share. Bajaj Housing is a home finance company registered with the National Housing Bank in September 2015.