Bajaj Holdings shares down 0.46% as Nifty drops

Bajaj Holdings shares down 0.46% as Nifty drops
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Synopsis

A total of 646 shares changed hands on the counter till 01:16PM (IST).

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As long as Nifty does not close above 11,720, it can slip towards 11,600.

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NEW DELHI: Shares of & Investment Ltd. traded 0.46 per cent down in Wednesday's trade at 01:16PM (IST). Around 646 shares changed hands on the counter.

The scrip opened at Rs 3593.65 and touched an intraday high and low of Rs 3603.6 and Rs 3568.05, 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 1852.75.

As per BSE, the total market cap of the Bajaj Holdings & Investment Ltd. stood at Rs 39862.55 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 same quarter a year ago.

Shareholding pattern
As of 31-Mar-2021, domestic institutional investors held 1.91 per cent stake in the firm, while foreign institutional investors held 14.39 per cent and the promoters 49.95 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 10.92 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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