Will Bajaj stock follow the path of Ola?
Did you also file for Bajaj Housing Finance IPO? This question is because this is the most discussed topic in the country right now. Bajaj Housing Finance shares were listed in the stock market on Monday with huge gains. Its listing was done at a premium of 134 per cent compared to the IPO price. But the big question is whether your stake will gradually follow the path of Ola Electric. Let us understand…
The IPO price of Ola Electric shares was Rs 76. But when it went public on August 9, it was trading at Rs 91 at a premium of about 20 per cent. After this, continuous growth was seen in the shares of Ola Electric. Within seven days, it reached its 52-week high, but then it started to decline.
Ola Electric stock movement
Ola Electric shares hit an all-time high of Rs 157.53 on August 20. This represented a growth of around 107 per cent compared to the company’s IPO price. On the same day, the company’s shares fell sharply and closed at Rs 137.72. The next day, August 21, the company’s shares picked up again and closed at Rs 138.15, but the fall that began after that is still continuing.
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On Tuesday, September 17, Ola’s share price is trading at Rs 114.80. Compared to the all-time high, its price has declined by over 27 percent since then.
Will Bajaj Housing stock follow Ola’s lead?
Now let us talk about Bajaj Housing stock. Its shares registered a premium of 134 per cent on the day of its listing. This is almost like Tata Technology stock, which was trading at a premium of over 140 per cent on the day of its listing. Since then there has been a continuous fall in Tata Technology stock.
If we compare the stocks of Ola and Bajaj, it would be too early because today is only the second day of trading of Bajaj Housing Finance. Even today its share price has increased by 21 percent to Rs 181.50. Whereas compared to its IPO price it has increased by 160 percent. However, market experts claim that the price of this stock is overvalued. In such a situation, this stock may follow the path of Ola in the coming days.
Disclaimer: Investing in the stock market can be risky. In such a situation, you should consult your personal financial advisor before investing.
