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Bajaj Housing Finance shares crack 9%, hit 52-week low as promoter likely sells 2.35% stake via block deal

Bajaj Housing Finance shares plummeted 9% to a 52-week low of Rs 94.90 following a massive Rs 1,890 crore block deal, likely involving promoter Bajaj Finance selling a 2.35% stake. Despite strong recent financial results, the stock has declined significantly since its September 2024 listing, trading below key moving averages and showing oversold market indicators.