Bajaj Holdings shares up 0.66% as Nifty gains
Bajaj Holdings & Investment Ltd. rose 0.66 per cent to Rs 9467.15 in Friday's trade. It hit an intraday high of Rs 9560.0 and low of Rs 9381.0, respectively, during the day.
The stock quoted a 52-week high price of Rs 10080.15 and low of Rs 6634.6.
As of 12:33PM (IST), the counter saw total traded volume of 943 shares with a traded value of Rs 0.9 crore, according to NSE.
The stock had closed at Rs 9404.25 in the previous session.
The scrip has advanced 11.21 per cent in the past one month till date, while the benchmark BSE Sensex has gained 2.76 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 14.12 while price-to-book ratio stood at 1.7. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the Holding — Diversified industry.
Promoter/FII Holding Promoters held 51.46 per cent stake in the company as of 30-Jun-2024, while FII and MF ownership in the firm stood at 11.2 per cent and 5.16 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 148.11 crore for the quarter ended 30-Jun-2024, 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's Rs 119.29 crore. Its net
