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Bajaj Housing Finance shares saw sharp selling pressure on Tuesday after a massive block deal triggered concerns among investors. The stock slipped nearly 9% to Rs. 95.26, marking a fresh 52-week low, as markets reacted to a sizable promoter stake sale by Bajaj Finance.
Around 19.5 crore shares, 2.35% of Bajaj Housing Finance’s equity, were traded through a block deal at Rs. 97 per share, worth Rs. 1,890 crore. Reports suggest the block deal was priced at a 9.6% discount to Monday’s close.
This comes just a day after the company disclosed through an exchange filing that Bajaj Finance intends to divest up to 2% of its stake.
The sale will allow Bajaj Finance to meet the minimum shareholder requirement under SEBI regulations. As of the recent quarter, Bajaj Finance owned 88.7% of the total share of the company, representing over 7.39 billion shares.
As per the filing, the sale may involve 166.6 million shares as part of this transaction from December 2, 2025, to February 28, 2026.
Bajaj Finance has also agreed to a 60-day lock-up on its additional sales of shares beyond the planned offloading. Both Bajaj Finance & the Promoter Shareholders (Bajaj Finserv) will be excluded from making any purchases of shares on the same days as the stake sale.
Bajaj Housing Finance has dropped almost 10% over the past five days, which adds to its 13% decline in the past month.
The downtrend has been persistent, as the stock has fallen 22.83% in the last six months, 28.85% over the past year, and 41.46% during the last five years.
After debuting on the exchanges last year with an IPO price of Rs. 70, the stock surged toward Rs. 190 shortly after listing.
However, continued selling pressure and broader market challenges have pushed the stock down nearly 50% from its peak levels.
In terms of operations, the company had a solid operational performance in Q2FY26, even though the stock was weak. Its Q2FY25 (Rs. 545.60) net profit rose by 18% YoY to Rs. 642.96 crore (18% YoY increase) in Q2FY26.
Bajaj Housing Finance also reported net interest income (NII) growth at 34% YoY (Rs. 956 crore in Q2FY26 vs. Rs. 713 crore a year earlier).
While net interest margin (NIM) did narrow to 4% from 4.1% last year (-0.01% decrease), it was only a slight decline.
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Promoter stake reductions are ongoing and large block deals are affecting sentiment; therefore, analysts expect continued short-term volatility.
Before reassessing their investment view, it is anticipated that investors will monitor future stake sales, any regulatory compliance developments, and the company's financial outlook.
