Bajaj Housing Finance Market Cap: Bajaj Housing Finance, a company of Bajaj Group, has made a miraculous entry in the stock market. It has broken many records in a single day. First, the company’s shares doubled the investors’ money in the market. Then the stock closed by hitting an upper circuit. With this explosive entry, the company’s market value crossed Rs 1 lakh crore (Rs 1 trillion) in a single day. It has become the first housing finance company to achieve this milestone.
With this, the company has become the fourth company to achieve a market cap of Rs 1 lakh crore on the day of its entry into the stock market. Before that, Paytm, Nykaa and Zomato had achieved this feat on the day of their stock market debut in the year 2021.
Market value of Bajaj Housing Finance reaches Rs 1.37 lakh crore
The market value of Bajaj Housing Finance has reached Rs 1,37,406.09 lakh crore on Monday. The market value of Housing & Urban Development Corporation is currently Rs 49,476.96 crore. After this, LIC Housing Finance is at the top with a market cap of Rs 37,434.54 crore. Other companies in the sector include PNB Housing Finance with a market cap of Rs 27,581.41 crore, Aadhar Housing Finance with Rs 20,045.16 crore, Aptus Value Housing Finance with Rs 16,598.17 crore and AAVAS Financiers with a market cap of Rs 10,000 crore.
Paytm, Nykaa and Zomato did this amazing thing
The market value of Bajaj Housing Finance has reached around Rs 1.37 lakh crore. The market value of Paytm and Nykaa had reached Rs 1 lakh crore on the day of listing. However, Zomato achieved a market value of Rs 1 lakh crore during intraday trade. Zomato’s shares are doing wonders this year. The shares of the food delivery company have almost doubled since January. Currently, the market value of Zomato has reached around Rs 2.5 lakh crore.
Market cap of Paytm and Nykaa halved after listing
However, the initial enthusiasm of investors about Paytm and Nykaa did not show up after this. Their story is completely different from Zomato. Paytm’s stock had gone down by 27 percent on the day of listing. Even after this, its market value was Rs 1 lakh crore. Currently, the company’s stock is at Rs 682. Its market cap has come down to Rs 43,428 crore. Nykaa’s stock has also gone down by about 44 percent from the day of listing. The company’s market value has come down to Rs 58,815 crore.
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