India's Bajaj Housing Finance shares jump 7% on day two of trading
** Shares of Bajaj Housing Finance BAJO.NS rise 7.2% to 176.85 rupees on day two of trading, after hitting upper circuit at 181.50 rupees briefly
** BAJO shares had opened at 150 rupees, more than double its IPO price of 70 rupees on Monday, making it the fourth-best major listing in a red-hot Indian IPO market this year
** Analysts have flagged investor confidence in India's most valuable listed home loan financier on pedigree, attractive IPO pricing and strong demand for luxury home loans
** Phillip Capital initiates coverage on BAJO with "buy" rating and a target price of 210 rupees
** Expects BAJO's focus on home loan customers with average salary of 1.4 million rupees to strengthen pricing powers alongside benign credit costs to result in strong return ratios
** Rivals HUDCO HUDC.NS, LIC Housing Finance LICH.NS PNB Housing Finance PNBH.NS that had fallen between 2-7% on Monday, were flat on the day
** BAJO stock last closed up 135.7%
Reporting by Dimpal Gulwani in Bengaluru
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