Bajaj Housing Finance has been under selling pressure, falling nearly 9% in early trade. The sharp fall pushed the stock down to around Rs 95 levels, marking a fresh 52-week low. The slide came right after a major block deal and fresh clarity on the promoter’s plan to pare stake in the company.
Let’s take a look at the key reasons that triggered the sell-off
Promoter stake cut weighs on sentiment
A large trade on the exchanges early in the session indicated the beginning of the promoter’s stake reduction process. This follows the company’s filing on Monday (December 1), where Bajaj Finance, the promoter, announced that it will sell shares to meet the minimum public shareholding requirement.
In its regulatory filing, the company said, “Bajaj Finance, the promoter of the company,.has conveyed to us their intention to sell the Equity Shares to enable us to comply with the requirements of minimum public shareholding.”
As of December 1, the promoter held 88.70% of Bajaj Housing Finance. Under SEBI norms, this must be reduced over time, which means more shares will enter the market.
Up to 2% promoter stake sale lined up
Bajaj Finance plans to offload up to 2% of its stake. This is roughly 1.66 crore shares in one or more phases between December 2, 2025, and February 28, 2026.
The company added, “The seller proposes to divest up to 2% of its equity share capital…in one or more tranches.”
Bajaj Housing Finance Q2FY26 financial performance
In the July-September FY26 quarter, the company posted an 18% year-on-year rise in profit, coming in at Rs 643 crore. The net interest income of the company surged 34% to Rs 956 crore.
Furthermore, the NIMs softened slightly from 4.1% to 4%. The gross NPA stood at 0.26% and net NPA steady at 0.12%.
Bajaj Housing Finance share performance
Bajaj Housing Finance made its market debut in September 2024. The stock was listed at Rs 150. This was more than 114% above its issue price. It even touched Rs 160 soon after.
Since then, the stock has corrected almost 50%, dragged by broader NBFC volatility and concerns around regulatory-driven promoter stake cuts.
The company’s IPO, worth Rs 6,560 crore, saw heavy institutional participation, with the issue subscribing more than 63 times.
