Massive re-rating

This is what happens when smart money enters in very large amounts. Also, the hype surrounding the Bajaj Housing Finance IPO is the reason for its listing around a PE of 50. The chart is incredible, with the pink channel as your support and stop loss. Volumes during the entire rally have been amazing. This rally might continue till the 1400 zone, which is the previous all-time high. Do not forget that the stock has given a 7-year breakout on a monthly chart with the second-highest monthly volumes after the listing month, which is incredible.