Bajaj Holdings shares down 3.98% as Nifty drops

NEW DELHI: Shares of Bajaj Holdings & Investment Ltd. traded 3.98 per cent down in Thursday's trade at 02:00PM (IST). Around 3,033 shares changed hands on the counter.

The scrip opened at Rs 6690.5 and touched an intraday high and low of Rs 6714.8 and Rs 6450.1, respectively, in the session so far. The stock of Bajaj Holdings & Investment Ltd. quoted a 52-week high of Rs 7377.6 and a 52-week low of Rs 4299.8.

As per BSE, the total market cap of the Bajaj Holdings & Investment Ltd. stood at Rs 71903.95 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 104.24 crore for the quarter ended 30-Jun-2022, down 1.05 per cent from previous quarter's Rs 105.35 crore and down 5.78 per cent from the year-ago quarter's Rs 110.64 crore.

The net profit for latest quarter stood at Rs 969.33 crore, up 24.5 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, DIIs held 3.79 per cent stake in the company, while foreign institutional investors held 11.8 per cent and the promoters 51.2 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 16.93 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.