Bajaj Holdings stock price up 1.09 per cent as Sensex slides
Bajaj Holdings & Investment Ltd. rose 1.09 per cent to Rs 7130.7 at 10:10AM hours (IST) on Monday. 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 468 shares with a turnover of Rs 0.34 crore till 10:10AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 14.98, 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 7171.1 and a low of Rs 6990.4 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 6670.84 on October 23, while the 50-DMA was at Rs 7116.1.
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 56.8. 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.
