Bajaj Holdings shares gain 1.45% as Sensex rises
Bajaj Holdings & Investment Ltd. traded 1.45 per cent higher in Friday's session at 12:17PM (IST). The stock opened at Rs 8767.95 and has touched an intraday high and low of Rs 8915.15 and Rs 8729.65, respectively, during the session so far.
The stock quoted a 52-week high of Rs 8915.15 and a 52-week low of 5791.05. About 502 shares changed hands on the counter so far.
Benchmark Nifty50 was up 133.71 points at 22044.45, while the BSE Sensex traded 365.21 points higher at 72415.59 at the time of writing of this report.
In the Nifty pack, 38 stocks traded the day in the green, while 12 were in the red.
Key Financials For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 132.5 crore, down 44.81 per cent from the previous quarter's Rs 240.06 crore and down 14.19 per cent from the year-ago quarter. The company reported net profit of Rs 1644.43 crore for the latest quarter.
Promoter Holdings Promoters held 51.46 per cent stake in the company as of 31-Dec-2023, while FIIs held 11.57 per cent and MFs 4.65 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 7374.77 on February 16, while the 50-DMA was at Rs 8171.58. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
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