India, Oct. 5 -- The Indian market for housing finance has been a rather quiet, yet consistent success story in the financial services landscape of India, buoyed by urbanization, increasing formalization of the mortgage market, and an active push by the government towards affordable housing. In this market, the housing finance companies that have been well-capitalized and backed by their parent entities have managed to grab a disproportionately large market share from banks, especially in the mid-to-premium ticket size business.

Shares of Bajaj Housing Finance Ltd. were trading at Rs. 82.15, down 0.92 percent from previous close of Rs. 82.91. The stock opened at Rs. 83.99, reaching an intraday high of Rs. 84.05 and low of Rs. 82.10. The...