News > After multibagger IPO listing, Bajaj Housing Finance hits lower circuit - Reason?

After multibagger IPO listing, Bajaj Housing Finance hits lower circuit - Reason?

Shares of Bajaj Housing Finance are trading under pressure for the last two days. During today's session, the company's shares opened at Rs 172.98 against the previous close of Rs 173.66. The shares of the newly-listed company hit the day's lower price band at Rs 156.29 on NSE, down 10%. 12.25 crore shares changed hands before trading was halted. In the last two days, the Bajaj Group stock has cracked nearly 14% due to profit-taking at higher levels.