Bajaj Housing Finance shares down 4.4% after two consecutive upper circuits; still most valuable housing finance firm

The stock dropped 4.4% to ₹173.4 on the National Stock Exchange (NSE). It dropped 4.6% to ₹173.1 apiece.

The stock has surged 147.7% from its issue price of ₹70.

Bajaj Housing Finance: India's most valuable housing finance company

With a market valuation of ₹1,44,426.72 crore, Bajaj Housing Finance is the country's most valued housing finance company.

Housing & Urban Development Corporation stood at the second position with a market valuation of ₹49,196.69 crore, followed by LIC Housing Finance at ₹37,074.25 crore, PNB Housing Finance (₹28,267.18 crore), Aadhar Housing Finance (₹19,849.63 crore), Aptus Value Housing Finance India Ltd (₹16,877.81 crore), AAVAS Financiers (₹14,415.64 crore), Can Fin Homes (₹11,929.28), Sammaan Capital (₹11,700.57 crore) and Home First Finance Company India (₹10,375.88 crore).

Shares of Bajaj Housing Finance Ltd made a stellar market debut on Monday and ended with a huge premium of nearly 136% against the issue price of ₹70.

The scrip was listed at ₹150 on the BSE and NSE, reflecting a jump of 114.2% from the issue price.

Bajaj Housing Finance is a non-deposit-taking housing finance company (HFC) registered with the National Housing Bank in September 2015.