Bajaj Housing Fin Rises 10%

New Delhi: Shares of newly-listed Bajaj Housing Finance Ltd on Tuesday surged 10 per cent to hit the upper circuit limit, extending the listing day gains.The stock jumped 10 per cent to hit the upper circuit limit of Rs 181.48 on the BSE. At the NSE, shares of the firm surged 10 per cent to Rs 181.50 -- the highest trading permissible limit for the day. The company’s market valuation climbed Rs 12,417.27 crore to Rs 1,49,823.36 crore. Shares of Bajaj Housing Finance Ltd made a solid market debut on Monday and ended with a huge premium of nearly 136 per cent against the issue price of Rs 70. The stock was listed at Rs 150 on the BSE and NSE, reflecting a jump of 114.28 per cent from the issue price. The Rs 6,560-crore initial public offer of Bajaj Housing Finance Ltd received 63.60 times subscription on September 11, the last day of bidding, amid overwhelming participation from institutional buyers. The initial share sale had a price band for the offer at Rs 66-70 per share.