Bajaj Holdings stock price up 0.96 per cent as Sensex climbs
Bajaj Holdings & Investment Ltd. rose 0.96 per cent to Rs 7353.0 at 10:20AM hours (IST) on Tuesday.
Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 1,023 shares with a turnover of Rs 0.76 crore till 10:20AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 15.45, while the price-to-book value ratio stood at 1.49.
Return on equity (ROE) was at 10.97 per cent, according to exchange data.
The stock hit an intraday high of Rs 7395.0 and a low of Rs 7320.0 during the session and quoted a 52-week high price of Rs 7638.0 and a 52-week low of Rs 5557.05.
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 6593.1 on September 26, while the 50-DMA was at Rs 7308.39. 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 56.94.
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 30-Jun-2023, promoters held 51.46 per cent stake in the company, while foreign institutional investors held 12.39 per cent and domestic institutional investors had 5.02 per cent.
