- Summary:
- The momentum on Bajaj Housing share price has the sellers firmly in control, but recent earnings results form a strong basis for a reversal.
Bajaj Housing Finance share price has extended its downtrend, briefly breaking below the Rs 115 support level. That has seen it lose 4.4% of its value in the last five sessions, with its monthly returns at -1.2%. In addition, it is currently 23% below the price it first listed at barely 8 months ago.
However, at Rs 116, the current price is still 64% above the IPO price of Rs 70. That has helped reduces the downward pressure on the stock, since many early investors are still in profit. Notably, the Bajaj Housing Finance share price downtrend began a week after the lock-in period for its shareholders came to an end. That made 5.291 billion share available to be traded.
While not all shareholders have traded their shares, the figure is substantial, as it represents 64% of all of the company’s outstanding equity. Consequently, the massive supply of equities has contributed to the dilution of the share price. Despite the downward pressure on Bajaj Housing share price, its most recent quarterly results point to a strong financial standing.
The company’s Assets Under Management (AUM) grew by 25.5% YoY in the quarter ending March 3, 2025 to reach Rs 14 lakh crore (approximately $13.73 billion). In addition, its loan book grew by Rs 99,500 crore (approximately $12 billion). This forms a strong foundation for a reversal by Bajaj Housing share price.
Bajaj Housing Share Price Prediction
Bajaj Housing share price pivots at Rs 117 and the momentum favours the downside to prevail. Immediate support will likely be at Rs 114. However, if the sellers extend their control, the price will break below that level and could test the second support at Rs 112.
On the other hand, the momentum could shift to the upside if the price breaks above Rs 117. That will likely see the first resistance level established at Rs 119. The downside narrative will be invalid if the price breaks below that level. Also, an extended control by the buyers could push the price higher to test Rs 120.
