Share price of Bajaj Holdings falls as Sensex drops 5027.44 points
Bajaj Holdings & Investment Ltd. dropped 2.91 per cent to Rs 7775.95 at 12:17PM (IST) in Tuesday's trade. The counter hit a high of Rs 8014.5 and low of Rs 7760.1 so far during the session. The stock had closed at Rs 8009.25 in the previous session.
The counter had a total traded volume of 12:17PM shares so far with a turnover of Rs 0.43 crore on BSE. The stock traded at a price-to-earnings multiple of 12.23 and a price-to-book ratio of 1.7.
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 31-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 11.53 per cent and 6.07 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 1221.61 crore for the quarter ended 31-Mar-2024, up 821.97 per cent from the previous quarter's Rs 132.5 crore and up 1051.48 per cent from the year-ago quarter's Rs 106.09 crore.
Its profit for the latest quarter stood at Rs 2716.12 crore, up 100.79 per cent from the same quarter a year ago.
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