Bajaj Housing Finance's shares more than doubled in their trading debut on Monday, making it the fourth-best major listing in a red-hot Indian IPO market this year and valuing the company at $16 billion,

Brokerages have initiated 'buy' calls on Bajaj Housing Finance, citing management's strong pedigree to position it as the next 'HDFC' and its superior asset quality

Bajaj Housing Finance's IPO, one of India's largest offerings this year, opens for public subscription on Monday after raising about $209 million from major institutional investors, with analysts predicting strong interest amid booming demand for home loans.

Buoyed by the prospects of strong listing, share of Bajaj Finserv, the promoter of Bajaj Housing Finance, hit a 52 week high on BSE today.

Bajaj Housing Finance shares hit upper circuits of 10% in the previous two trading sessions. The stock hit a high of ₹188.45 apiece, taking its market capitalization to more than ₹1.5 lakh crore on September 18.

Bajaj Housing Finance's shares more than doubled in their trading debut on Monday, making it the fourth-best major listing in a red-hot Indian IPO market this year and valuing the company at $16 billion,

On the NSE, shares of the firm ended lower by 4.57 per cent to close at Rs 173.19. Its market valuation also eroded by Rs 6,487.63 crore to Rs 1,44,651.58 crore.

Bajaj Finance Ltd. 500034 shares rose 3.65% to 7,632.25 Indian rupees Wednesday, on what proved to be an all-around rough trading session for the stock market, with the BSE SENSEX Index 1 falling 0.16% to 82,

Bajaj Housing Finance shares have fallen by 11% over the past two days after a strong debut. Despite this dip, analysts remain optimistic due to the company's strong growth and support from the Bajaj Group.

Bajaj Housing Finance shares on Wednesday (September 18) continued their upward trajectory, surging over 3% in early trade. This marks the third consecutive session of gains for the newly listed firm.