Bajaj Housing Finance stock in focus as AUM crosses Rs 1 Lakh crore in first business update post-listing
Bajaj Housing Finance will be in focus on Friday after the company released its first business update for the July-September quarter, marking its debut as a public company.
In the update, Bajaj Housing Finance reported that its Assets Under Management (AUM) surpassed Rs 1 lakh crore during the quarter, reaching Rs 1,02,550 crore—a 26% growth compared to Rs 81,215 crore in the same quarter last year.
Following a trend seen in the previous two quarters, the AUM grew by Rs 5,480 crore in absolute terms during the September quarter.
The company’s loan assets (AR) stood at nearly Rs 89,860 crore at the end of the September quarter, up from Rs 70,954 crore the previous year.
Bajaj Housing Finance has emerged as one of the year’s most successful listings, debuting with a premium of over 100% compared to its IPO price of Rs 70. On its listing day, the stock soared 135%, hitting a high of Rs 188.5. While the stock has since seen some profit booking, it remains steady around the Rs 150 mark.
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