Bajaj Holdings rises 1.38% as Sensex climbs

Shares of Bajaj Holdings & Investment Ltd. traded at Rs 6804.6 on BSE at 10:20AM (IST) on Wednesday, up 1.38 per cent from previous close.

The stock quoted a 52-week low price of Rs 4299.8 and a high of Rs 7377.6.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 1,005 lakh shares changed hands on the counter till 10:20AM (IST).

The stock of Bajaj Holdings & Investment Ltd. commanded a market value of Rs 74299.55 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 17.5, while the price-to-book value ratio stood at 1.3. Return on equity (ROE) was at 9.46 per cent, according to exchange data.

In the BSE500 pack, 342 stocks traded in the green, while 159 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.71.

Promotor/FII Holding
Promoters held 51.2 per cent in Bajaj Holdings & Investment Ltd. as of 30-Jun-2022 while foreign and domestic institutional investors owned 11.8 per cent and 3.79 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 5373.68 on October 19, while the 50-DMA was at 6188.06. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.