Bajaj Holdings shares fall 0.86 per cent in Thursday's trading session
Bajaj Holdings & Investment Ltd. fell 0.86 per cent to Rs 6823.05 in Thursday's trade as of 01:34PM (IST) even as the benchmark Nifty ruled at 19809.8, down 1.55 points.
The scrip had closed at Rs 6882.55 in the previous session.
The stock quoted a 52-week low of Rs 5557.05 and a high of Rs 7638.0. The company quoted a market-cap of Rs 76068.0 crore on the BSE.
On BSE, 636 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 14.36 times its trailing 12-month EPS of Rs 475.92 per share and 1.49 times its book value. The return on equity (ROE) stood at Rs 10.97.
Key Financials For the quarter ended 30-Jun-2023, Bajaj Holdings & Investment Ltd.
reported consolidated sales of Rs 119.29 crore, up 14.44 per cent from the same quarter a year ago. The company reported 46.03 per cent YoY growth in net profit at Rs 1415.5 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Thursday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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 trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
