Bajaj Holdings shares down 0.82% as Nifty gains
Bajaj Holdings & Investment Ltd. traded 0.82 per cent down in Friday's trade at 01:39PM (IST). Around 1,190 shares changed hands on the counter.
The counter opened at Rs 9127.5 and touched an intraday high and low of Rs 9254.75 and Rs 9034.0, respectively, in the session so far. Shares of the company of Bajaj Holdings & Investment Ltd. quoted a 52-week high of Rs 9354.0 and a 52-week low of Rs 5791.05.
Total market cap of the Bajaj Holdings & Investment Ltd. stood at Rs 100747.89 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 132.5 crore for the quarter ended 31-Dec-2023, down 44.81 per cent from previous quarter's Rs 240.06 crore and down 14.19 per cent from the year-ago quarter's Rs 116.03 crore.
The net profit for latest quarter stood at Rs 1644.43 crore, up 27.91 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Dec-2023, domestic institutional investors held 4.65 per cent stake in the company, while foreign institutional investors held 11.57 per cent and the promoters 51.46 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 17.06 and a price-to-book ratio of 1.49. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Bajaj Holdings & Investment Ltd. belongs to
