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    Bajaj Holdings shares up 0.63% as Nifty drops

    Synopsis

    A total of 655 shares changed hands on the counter till 10:25AM (IST).

    Stock-market-4---istockAgencies
    Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
    NEW DELHI: Shares of Bajaj Holdings & Investment Ltd. traded 0.63 per cent up in Thursday's trade at 10:25AM (IST). Around 655 shares changed hands on the counter.

    The counter opened at Rs 5605.05 and touched an intraday high and low of Rs 5689.15 and Rs 5605.05, respectively, in the session so far. Shares of the company of Bajaj Holdings & Investment Ltd. quoted a 52-week high of Rs 7377.6 and a 52-week low of Rs 4299.8.

    Total market cap of the Bajaj Holdings & Investment Ltd. stood at Rs 63264.8 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 200.99 crore for the quarter ended 30-Sep-2022, up 92.81 per cent from previous quarter's Rs 104.24 crore and up 25.31 per cent from the year-ago quarter's Rs 160.39 crore.

    The net profit for latest quarter stood at Rs 1242.79 crore, up 9.83 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 31-Dec-2022, domestic institutional investors held 3.64 per cent stake in the firm, while foreign institutional investors held 13.21 per cent and the promoters 51.36 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 14.52 and a price-to-book ratio of 1.3. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.



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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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