Bajaj Holdings stock price up 0.41 per cent as Sensex slides

Bajaj Holdings stock price up 0.41 per cent as Sensex slides
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Synopsis

As of 31-Mar-2021, promoters held 49.95 per cent stake in the company, while FIIs held 14.39 per cent and domestic institutional investors had 1.91 per cent.

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The Dow Jones Industrial Average finished up 1,048.86 points, or 5.20 per cent, to 21,237.38 on Tuesday. The S&P500 index increased 143.06 points, or 6.00 per cent, to 2,529.19.

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Shares of & Investment Ltd. rose 0.41 per cent to Rs 3435.0 at 01:11PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 849 shares with a turnover of Rs 0.29 crore till 01:11PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 10.43, while the price-to-book value ratio stood at 0.72.

Return on equity (ROE) was at 10.77 per cent, according to exchange data. The stock hit an intraday high of Rs 3441.05 and a low of Rs 3345.0 during the session and quoted a 52-week high price of Rs 3784.8 and a 52-week low of Rs 1850.05.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 2965.46 on May 03, while the 50-DMA was at Rs 3472.6. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 52.31. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2021, promoters held 49.95 per cent stake in the company, while foreign institutional investors held 15.85 per cent and domestic institutional investors had 2.21 per cent.

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