Bajaj Holdings shares up 0.18% as Nifty drops
Bajaj Holdings & Investment Ltd. traded 0.18 per cent up in Thursday's trade at 11:26AM (IST).
Around 103 shares changed hands on the counter.
The counter opened at Rs 7341.2 and touched an intraday high and low of Rs 7470.0 and Rs 7341.2, respectively, in the session so far. Shares of the company of Bajaj Holdings & Investment Ltd.
quoted a 52-week high of Rs 7638.0 and a 52-week low of Rs 5255.35.
Total market cap of the Bajaj Holdings & Investment Ltd. stood at Rs 82646.56 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 119.29 crore for the quarter ended 30-Jun-2023, up 12.44 per cent from previous quarter's Rs 106.09 crore and up 14.44 per cent from the year-ago quarter's Rs 104.24 crore.
The net profit for latest quarter stood at Rs 1415.5 crore, up 46.03 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2023, DIIs held 3.76 per cent stake in the firm, while foreign institutional investors held 12.39 per cent and the promoters 51.46 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 15.6 and a price-to-book ratio of 1.49.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Bajaj Holdings & Investment Ltd.
