Share price of Bajaj Holdings falls as Sensex gains 170.06 points
Bajaj Holdings & Investment Ltd. dropped 0.14 per cent to Rs 7512.55 at 12:28PM (IST) in Monday's trade. The stock has hit a high of Rs 7542.75 and low of Rs 7428.45 so far during the session.
The stock had closed at Rs 7522.65 in the previous session. The counter has had a total traded volume of 459 shares so far with a value of Rs 3443.0 crore on the NSE. It traded at a price-to-earnings multiple of 15.8 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 reflects the price investors are willing to pay even for no growth in the business. The scrip gained 44.1 per cent during the past one year, while the 30-share index advanced 15.21 per cent during the same period.
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-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 12.39 per cent and 3.76 per cent, respectively.Key Financials The company reported consolidated sales of Rs 119.29 crore for the quarter ended 30-Jun-2023, up 12.44 per cent from the previous quarter's Rs 106.09 crore and up 14.44 per cent from the year-ago quarter's Rs 104.24 crore. Profit for the latest quarter stood at Rs 1415.5 crore, up 46.03 per cent from the same quarter a year ago.
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