Bajaj Holdings shares gain 1.4% as Sensex rises
Bajaj Holdings & Investment Ltd. traded 1.4 per cent up at Rs 6765.75 at 10:10AM (IST) on Friday, even as BSE benchmark Sensex gained 197.83 points to 65829.4.
The stock had closed at Rs 6671.9 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 7638.0 and Rs 5557.05, respectively.
As per BSE data, total traded volume on the counter till 10:10AM (IST) stood at 10:10AM shares with turnover at Rs 0.31 crore.
At the current price, shares of the company trades at 14.22 times its trailing 12-month earnings per share of Rs 475.92 per share and 1.49 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.71.
Shareholding Details Promoters held 51.46 per cent stake in the company as of 30-Jun-2023, while FIIs owned 12.39 per cent and DIIs 5.02 per cent.
