Tue Sep 17 05:23:20 UTC 2024: ## Bajaj Housing Finance Shares Soar After Successful Listing

**Mumbai, India (September 17, 2024):** Bajaj Housing Finance Ltd (BHFL) shares surged by 10% on the Bombay Stock Exchange (BSE) today, hitting the upper circuit limit, marking a strong performance just a day after its bumper listing. This surge follows a positive “Buy” recommendation from PhillipCapital, which sees a potential 27% upside for the stock.

BHFL’s successful debut on the stock market comes after a strong initial public offering (IPO) that saw strong investor interest. The company, a subsidiary of Bajaj Finserv, specializes in providing home loans and other housing finance solutions.

The listing of BHFL shares has further boosted investor confidence in the Indian housing finance sector. The company’s strong performance in the recent quarter, with a profit of Rs 482.61 crore on a total income of Rs 2,208.73 crore, further contributed to the positive sentiment.

Other notable market developments include:

* **P N Gadgil Jewellers:** The company’s shares saw a positive debut but quickly pared gains.
* **Firstsource Solutions:** The share price jumped 4% on news of a partnership with Microsoft.

The overall stock market traded mixed and muted, with financials, FMCG, and IT sectors showing mild gains.

**Bajaj Housing Finance Ltd Key Metrics:**

* **Current Share Price:** Rs 179.60 (up 8.86% from previous close)
* **Market Capitalization:** Rs 1,49,574 crore
* **52-week High/Low:** Rs 181.48 / Rs 147.00
* **Peer Companies:** Jio Financial, I R F C, Power Fin.Corpn., Bajaj Housing, REC Ltd, Cholaman.Inv.&Fn, Shriram Finance.

Read More