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    Bajaj Holdings shares rise 0.96 per cent in Wednesday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 41.58 on Wednesday.

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    India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
    Shares of Bajaj Holdings & Investment Ltd. rose 0.96 per cent to Rs 6244.4 in Wednesday's trade as of 11:31AM (IST) even as the benchmark Nifty ruled at 18582.75, down 60.0 points.

    The scrip had closed at Rs 6185.0 in the previous session. The stock quoted a 52-week low of Rs 4299.8 and a high of Rs 7377.6. The company quoted a market-cap of Rs 69371.47 crore on the BSE.

    On BSE, 795 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 15.92 times its trailing 12-month EPS of Rs 391.55 per share and 1.3 times its book value. The return on equity (ROE) stood at Rs 9.46.

    Key Financials
    For the quarter ended 30-Sep-2022, Bajaj Holdings & Investment Ltd. reported consolidated sales of Rs 200.99 crore, up 25.31 per cent from the same quarter a year ago. The company reported 9.83 per cent YoY growth in net profit at Rs 1242.79 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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