Bajaj Holdings shares gain 2.22% as Sensex rises

economictimes.indiatimes.com:

Bajaj Holdings & Investment Ltd. traded 2.22 per cent higher in Friday's session at 10:45AM (IST). The stock opened at Rs 8119.85 and has touched an intraday high and low of Rs 8340.0 and Rs 8119.85, respectively, during the session so far.
The stock quoted a 52-week high of Rs 9355.0 and a 52-week low of 6634.6. About 2,004 shares changed hands on the counter so far.

Benchmark Nifty50 was up 210.6 points at 23032.0, while the BSE Sensex traded 739.32 points higher at 75813.83 at the time of writing of this report.
In the Nifty pack, 39 stocks traded the day in the green, while 11 were in the red.

Key Financials For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 1221.61 crore, up 821.97 per cent from the previous quarter's Rs 132.5 crore and up 1051.48 per cent from the year-ago quarter. The company reported net profit of Rs 2716.12 crore for the latest quarter.
Promoter Holdings Promoters held 51.46 per cent stake in the company as of 31-Mar-2024, while FIIs held 11.53 per cent and MFs 4.81 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 7832.31 on June 07, while the 50-DMA was at Rs 8161.14. 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.