Bajaj Holdings shares gain 2.58% as Sensex rises
Bajaj Holdings & Investment Ltd. traded 2.58 per cent higher in Wednesday's session at 10:00AM (IST). The stock opened at Rs 9942.05 and has touched an intraday high and low of Rs 10300.0 and Rs 9885.1, respectively, during the session so far.
The stock quoted a 52-week high of Rs 10300.0 and a 52-week low of 6634.6. About 2,060 shares changed hands on the counter so far.
Benchmark Nifty50 was up 2.46 points at 25020.2, while the BSE Sensex traded 25.85 points higher at 81737.61 at the time of writing of this report.
In the Nifty pack, 22 stocks traded the day in the green, while 28 were in the red.
Key Financials For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 148.11 crore, down 87.88 per cent from the previous quarter's Rs 1221.61 crore and down 24.16 per cent from the year-ago quarter. The company reported net profit of Rs 1610.46 crore for the latest quarter.
Promoter Holdings Promoters held 51.46 per cent stake in the company as of 30-Jun-2024, while FIIs held 11.21 per cent and MFs 5.16 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 8450.78 on August 28, while the 50-DMA was at Rs 9393.49. 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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