Bajaj Housing Finance Shares Tumble 9%, Hit 52-Week Low on Promoter Stake Sale

Shares of Bajaj Housing Finance (BHFL) plunged nearly 9% on December 2, hitting a fresh 52-week low of around ₹94.90–₹95 per share, after reports emerged that its promoter, Bajaj Finance, planned a significant stake sale via a block deal.

This sharp decline reflects mounting investor concerns over the sudden surge in sell-side supply and uncertainty over the implications of the promoter’s planned divestment.

What Triggered the Sharp Fall?

Promoter Stake Sale via Block Deal

On December 1, Bajaj Finance — the promoter of BHFL — revealed plans to offload up to 2% of its equity in the company, amounting to approximately 16.66 crore shares. This move is reportedly aimed at meeting regulatory minimum public shareholding norms.

The next day, around 19.5 crore shares (2.35% equity) changed hands at ₹97 per share in a block deal worth roughly ₹1,890 crore.

The heavy volume and steep discount compared with the prior day’s price triggered a sharp sell-off, as many investors viewed the move as negative for the stock’s near-term outlook.

Immediate Stock Impact

• The stock plunged to a 52-week low of ₹94.90–₹95.

• The drop represents a 9% intra-day fall from recent levels.

• In the past 5 days, the stock has fallen nearly 10%. Over the last 6 months, it has declined about 22.8%; over 12 months, about 28.8%; and over five years, the drop stands around 41.5%.

Also Read: Rupee Hits New Record Low of 89.92 Against US Dollar: What Lies Ahead?

Why Investors Are Worried?

Oversupply Risk & Uncertain Outlook

The block deal unleashed a large volume of shares into the market, raising fears among investors about further weakness if more shares are offloaded. The sudden availability of such a large chunk of shares naturally pressured demand, causing prices to slide sharply.

Given that the promoter holding was 88.70% before this sale, questions are now arising whether there could be further pressure on the stock if more shares are sold in coming days.

Underperforming Peers & Sector Index

BHFL’s stock underperformed compared to the broader financial-services index. In 2025 so far, while the sector benchmark has seen some gains, BHFL has recorded steep losses.

Such divergence creates concern among investors about BHFL’s ability to catch up, especially when promoter sentiment seems weak.

What the Numbers Say?

• Promoter stake sale: Up to 2%, ~16.66 crore shares via block deal.

• Block deal executed: ~19.5 crore shares (2.35% equity) at ₹97/share — worth ~₹1,890 crore.

• Stock low: ₹94.90–₹95 (52-week low).

• Share price fall: ~9% in one trading session.

• Historical drawdown: ~22.8% drop over 6 months; ~28.8% over 12 months; ~41.5% over 5 years.

What Lies Ahead for Bajaj Housing Finance?

Short-term caution dominates

Given the sudden stake sale and ensuing pressure, near-term volatility seems likely. Unless the stock stabilises or the promoter reaffirms supporting intent, further weakness cannot be ruled out.

Watch for further stake sale announcements

Promoter stake sale plans span from December 2, 2025, to February 28, 2026, in one or more tranches.

If more shares are sold during this window, the stock could face additional downward pressure.

Potential value opportunity — only if the sale exhausts

If the block-deal tranche completes and no more large sell-offs are announced — and if BHFL’s business fundamentals hold up — the current low price could attract value-seeking long-term investors. That depends, however, on near-term clarity on promoter commitment and demand-side stability.

Context: BHFL in the Broader Market

The sell-off in BHFL came amid a broader correction in financial stocks. On the same day, benchmark indices also saw weakness, with financials among the worst hit.

Investors appear to be reallocating capital cautiously, especially in NBFCs and housing financiers, as macro headwinds and sector-specific uncertainties weigh on sentiment.

Bottom Line

The dramatic 9% fall in Bajaj Housing Finance shares — leading to a fresh 52-week low — is a direct consequence of a promoter-led block deal, as part of a planned stake sale. The scale of shares released into the market and the steep discount triggered sharp investor reaction and heavy selling pressure.

For now, BHFL remains under watch. Key triggers to monitor: further stake-sale announcements, any signalling from management regarding long-term commitment, and overall demand for NBFC/housing-finance stocks. For long-term investors, the current price may look attractive — but only if clarity emerges and the selling pressure subsides.

As of now, it’s a volatile, high-risk day for BHFL shareholders.

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