Bajaj Holdings shares down 1.81% as Sensex falls
Bajaj Holdings & Investment Ltd. fell 1.81 per cent to Rs 7938.45 in Thursday's session as of 11:59AM (IST) even as the equity benchmark Sensex traded 181.25 points lower at 71319.51.
Earlier in the day, the stock witnessed a gap down start to the session.
The stock quoted a 52-week high price of Rs 8365.95 and a 52-week low of Rs 5557.05 on NSE. Around 574 shares changed hands on the counter till 11:59AM (IST).
The stock opened at Rs 8150.0 and has touched an intraday high and low of Rs 8150.0 and Rs 7885.0 during the session so far.
The counter quoted a price-to-earnings (PE) ratio of 16.19, earnings per share (EPS) of Rs 498.24 and price to book value (PB) of 1.49, while the return on equity (ROE) stood at Rs 10.97.
Promoter/ FII Holding
The promoters held 51.46 per cent stake in the company as of January 18, while FII and MF ownerships stood at 11.57 per cent and 4.65 per cent, respectively.
Key Financials With a market capitalisation of Rs 89987.48 crore, the company operates in the Holding — Diversified industry.
For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 240.06 crore, up 101.24 per cent from the previous quarter?s Rs 119.29 crore and up 19.44 per cent from the same quarter a year ago. The company reported net profit of Rs 1491.16 crore for the latest quarter, up 19.98 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 50.43.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a
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