Bajaj Holdings shares down 1.44% as Nifty drops
Bajaj Holdings & Investment Ltd. traded 1.44 per cent down in Friday's trade at 02:05PM (IST). Around 827 shares changed hands on the counter.
The counter opened at Rs 8146.7 and touched an intraday high and low of Rs 8146.7 and Rs 7920.15, respectively, in the session so far. Shares of the company of Bajaj Holdings & Investment Ltd. quoted a 52-week high of Rs 8365.95 and a 52-week low of Rs 5557.05.
As per BSE, the total market cap of the Bajaj Holdings & Investment Ltd. stood at Rs 88466.65 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 240.06 crore for the quarter ended 30-Sep-2023, up 101.24 per cent from previous quarter's Rs 119.29 crore and up 19.44 per cent from the year-ago quarter's Rs 200.99 crore.
The net profit for latest quarter stood at Rs 1491.16 crore, up 19.98 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Sep-2023, DIIs held 4.55 per cent stake in the firm, while foreign institutional investors held 11.65 per cent and the promoters 51.46 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 15.95 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.
