Share price of Bajaj Holdings falls as Sensex gains 271.79 points
Bajaj Holdings & Investment Ltd. dropped 0.72 per cent to Rs 6680.6 at 01:08PM (IST) in Monday's trade. The counter hit a high of Rs 6699.25 and low of Rs 6634.6 so far during the session.
The stock had closed at Rs 6729.6 in the previous session.
The counter had a total traded volume of 01:08PM shares so far with a turnover of Rs 0.37 crore on BSE. The stock traded at a price-to-earnings multiple of 13.41 and a price-to-book ratio of 1.49.
A higher P/E ratio shows 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 is the measure of the price that investors are ready to pay even for no growth in the business.
Bajaj Holdings & Investment Ltd.
belongs to the Holding — Diversified industry.
Promotor/FII Holding Promoters held 51.46 per cent stake in the company as of 30-Sep-2023, while FIIs and domestic institutional investors ownership stood at 11.65 per cent and 5.86 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 240.06 crore for the quarter ended 30-Sep-2023, up 101.24 per cent from the previous quarter's Rs 119.29 crore and up 19.44 per cent from the year-ago quarter's Rs 200.99 crore.
