Bumper Premium listing in Bajaj Housing Finance shares listing on Monday 16 September 2024
Shall you Buy, Hold or Book profit in it?
If you missed the IPO of Bajaj Housing Finance, there’s still an opportunity to participate in the secondary market. Based on the projected listing price in the range of Rs. 140-152, profit booking may occur after the listing. This could drive the stock lower, offering a more favorable entry point.
Here’s a potential strategy:
1. Wait for a Correction: If the stock falls to the Rs. 80-100 range, consider buying with 50% of your intended investment.
2. Gradual Investment: If the price moves above Rs. 110, you can add more shares.
3. Target Profit: Aim to book your first profit around Rs. 150.
4. Long-Term Potential: Bajaj Housing Finance has strong fundamentals and could deliver multi-bagger returns in the long run.
This strategy allows you to enter at favorable levels while leaving room for adding to your position if the stock trends upwards.
Regards,
VLA Ambala
(SEBI Registered Research Analyst)
This a review based on overall price action, Market Conditions and available inflation on Public palatiform said VLA Ambala SEBI regd. RADisclaimer: V.L.A. Ambala emphasizes that these recommendations are based on price movement, past behavior, and technical analysis. Stay cautious and keep an eye on key levels and upcoming budget announcements to adjust your strategies accordingly
.Join SMT EQUITY Services here – https://cosmofeed.com/vig/64a2b98a2eaff10021550a62
Join SMT INDEX OPTION BUYING SERVICES here – https://cosmofeed.com/vig/6380ef829c9fa70036a1c6cd
More about the author: Vijay Laxmi, aka VLA Ambala, is a SEBI registered Research Analyst, and her research and views are published on various media platforms. Check here – https://smtstockmarkettoday.com/pr-and-media/
Follow VLA Ambala, SEBI RA, on Telegram here – https://t.me/SMTStockMarketToday
This analysis and recommendations are provided by SEBI registered research analyst VLA Ambala.