Bajaj Holdings shares up 0.24% as Nifty gains

Bajaj Holdings shares up 0.24% as Nifty gains
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Synopsis

A total of 1,027 shares changed hands on the counter till 01:32PM (IST).

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NEW DELHI: Shares of & Investment Ltd. traded 0.24 per cent up in Thursday's trade at 01:32PM (IST). Around 1,027 shares changed hands on the counter.

The scrip opened at Rs 3482.0 and touched an intraday high and low of Rs 3482.0 and Rs 3418.35, respectively, in the session so far. Shares of the company of Bajaj Holdings & Investment Ltd. quoted a 52-week high of Rs 3784.8 and a 52-week low of Rs 1850.05.

Total market cap of the Bajaj Holdings & Investment Ltd. stood at Rs 38315.57 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 112.41 crore for the quarter ended 31-Mar-2021, down 1.1 per cent from previous quarter's Rs 113.66 crore and down 5.12 per cent from the year-ago quarter's Rs 118.47 crore.

The net profit for latest quarter stood at Rs 948.98 crore, up 162.58 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2021, DIIs held 1.91 per cent stake in the company, while foreign institutional investors held 15.85 per cent and the promoters 49.95 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 10.5 and a price-to-book ratio of 0.72. 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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