In a regulatory filing, Bajaj Housing Finance stated that its promoter currently holds 7,39,10,03,845 equity shares, representing 88.70 per cent of the company's total paid-up capital. To comply with MPS requirements, Bajaj Finance has proposed the sale of up to 2 per cent of its equity stake -- a maximum of 16,66,00,000 shares.

Bajaj Housing shares hit record low post Bajaj Finance's stake sale plan; what lies ahead?

Bajaj Housing Finance Shares Plunge to Record Low Amid Stake Sale Plans

Shares of Bajaj Housing Finance Ltd plummeted 9.19% on Tuesday, hitting a record low of Rs 94.90.

The stock's decline comes after promoter Bajaj Finance Ltd announced plans to divest part of its stake in the company to meet minimum public shareholding (MPS) norms.

Reasons Behind the Decline:

Promoter Bajaj Finance Ltd plans to sell up to 2% of its equity stake, representing a maximum of 16,66,00,000 shares.
The stake sale will be conducted between December 2, 2025, and February 28, 2026, or until the proposed shares are fully sold.
The company may carry out the divestment in one or more tranches, depending on market conditions and regulatory processes.

Market sentiment remains weak for Bajaj Housing's stock, which has already faced selling pressure since its debut.

Expert Analysis:

According to Prashanth Tapse, Senior Vice-President (Research) at Mehta Equities, the short-term trend in housing finance will remain under pressure due to the promoter's sale.

"For Bajaj Housing Finance, the counter is trading at an all-time low after the initial public offering (IPO) price of Rs 70 and then touching a high of Rs 190-plus. Now, with the promoter selling around at likely Rs 95 level is somewhat disheartening for investors at this point in time."
Prashanth Tapse, Senior Vice-President (Research) at Mehta Equities

Broad Group Outlook:

Tapse also commented on the broader group outlook, stating that Bajaj Finance has historically seen a strong rally in the recent past.

"Historically, Bajaj Finance has seen a strong rally in the recent past. The way AUM is growing, there is some kind of slowdown which is being seen on a year-on-year (YoY) basis. But, the Reserve Bank has given some liquidity to the NBFC sector and Bajaj Finance, being the leader in the segment, can take charge."
Prashanth Tapse, Senior Vice-President (Research) at Mehta Equities

Conclusion:

Tapse concluded that the outlook for Bajaj Finance remains positive and neutral to positive for Bajaj Housing.

"Overall, the outlook for Bajaj Finance remains positive and neutral to positive for Bajaj Housing."
Prashanth Tapse, Senior Vice-President (Research) at Mehta Equities