Bajaj Housing Finance shares decline 9% to 52-week low - what triggered the fall?

Bajaj Housing Finance shares: The shares of Bajaj Housing Finance registered a decline of 9% on Tuesday, December 2, to reach a 52-week low amid reports of multiple block deals. The stock price reached Rs 94.90 on the BSE after reports of a block deal, which reportedly includes a 2.35% equity stake from Bajaj Finance, the firm's promotor, worth around Rs 1,890 crore. At 11:30am, the company traded 6.48% lower at Rs 97.77 on the National Stock Exchange (NSE).

The firm recorded a loss of 6.36%, at Rs 97.85 on the Bombay Stock Exchange (BSE) as well. According to ET reports, around 19.5 crore shares were exchanged as part of the block deal at Rs 97 per share.

There were speculations previously that the likely price set for the transaction was Rs 95 per share, which implied a 9% discount to the previous close of Rs 104.59 for the stock at the NSE.

Bajaj Finance currently retains a significant holding in Bajaj Housing Finance and owns 88.70% of the firm, which translates to over 739 crore equity shares. Meanwhile, Bajaj Housing Finance recorded a net profit of Rs 643 crore in the July–September quarter of FY26, marking an 18% rise from Rs 546 crore in the same period last year.

The firm's quarterly revenue jumped 14% to Rs 2,755 crore from Rs 2,410 crore a year earlier. In Q1FY26, profit after tax rose 10% from Rs 583 crore, while its revenue was up 5.3% from Rs 2,616 crore recorded in the April-June quarter, ET reported. Ever since Bajaj Housing Finance listed on the stock market on September 16, 2024, its stock has tumbled 23% over the past 12 months.

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