Bajaj Holdings stock price down 1.46 per cent as Sensex climbs
Bajaj Holdings & Investment Ltd. fell 1.46 per cent to Rs 9651.75 at 01:40PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session.
As per data available on BSE, total traded quantity on the counter stood at 934 shares with a turnover of Rs 0.9 crore till 01:40PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 14.83, while the price-to-book value ratio stood at 1.7.
Return on equity (ROE) was at 13.39 per cent, according to exchange data. The stock hit an intraday high of Rs 9790.0 and a low of Rs 9455.95 during the session and quoted a 52-week high price of Rs 9999.95 and a 52-week low of Rs 6634.6.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.71.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 8071.9 on July 18, while the 50-DMA was at Rs 8606.74. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 63.76. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Mar-2024, promoters held 51.46 per cent stake in the company, while FIIs held 11.53 per cent and domestic
