Bajaj Housing Finance shares were listed at Rs 150 on the BSE, and NSE, surging 114.28 per cent above the IPO issue price of Rs 70

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Newly listed Bajaj Housing Finance shares soared 10 per cent on 16th Sept. morning deals hit the upper circuit at Rs 181.48 per share

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At around 9:48 AM, shares of Bajaj Housing Finance were up 8.13 per cent at Rs 178.4 per share.

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On 16th Sept Bajaj Housing Finance shares were listed at Rs 150 on the BSE & NSE, surging 114.28 per cent above the IPO issue price of Rs 70.

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By close, the share commanded a market price of Rs 165 per share, a staggering 137 per cent surge over its issue price.

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Brokerage PhilipCapital initiated coverage on Bajaj Housing Finance with a 'Buy' rating.

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The brokerage sees an upside potential of 27 per cent from Monday's closing and gave a target of Rs 210 per share.

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Analysts at PhillipCapital believe that Bajaj Housing Finance has a higher return ratio than its peers.

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Bajaj Housing Finance is a subsidiary of Bajaj Finance one of the most diversified NBFCs in the Indian market.

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