Bajaj Housing Finance shares surged 5% as its one-year shareholder lock-in period ended, unlocking 5,291 million shares—64% of total equity. While the stock has gained 70% from its IPO price of Rs 70, it still trades 17% below its listing price. Analysts remain cautious, with a Rs 108 target, implying a 13% downside from current levels.
US stocks: Nasdaq, S&P end lower in volatile session as tech stocks retreat
Tech stocks pulled down the Nasdaq and S&P 500 due to valuation worries and concerns over AI spending, falling crude prices bolstered airlines and travel