Share price of Bajaj Holdings jumps as Sensex gains 167.18 points

Share price of Bajaj Holdings jumps as Sensex gains 167.18 points
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Synopsis

Promoters held 49.95 per cent stake in the company as of 31-Mar-2021, while FII and DII ownership stood at 14.39 per cent and 1.91 per cent, respectively.

ETMarkets.com
The share price of & Investment Ltd. gained 0.41 per cent to Rs 3518.2 at 12:46PM (IST) in Thursday's trade. The counter has hit a high of Rs 3532.9 and low of Rs 3501.05 so far during the session. The stock had closed at Rs 3503.85 in the previous session.

The counter has had a total traded volume of 585 shares so far with a value of Rs 0.21 crore on the NSE. It traded at a price-to-earnings multiple of 10.74 and a price-to-book ratio of 0.72.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

Did you Know?

Stock score of Bajaj Holdings and Investment Ltd moved up by 3 in an year.

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The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 54.32 per cent during the past one year, while the 30-share index advanced 62.51 per cent during the same period.

Bajaj Holdings & Investment Ltd. belongs to the Holding - Diversified industry.

Promotor/FII Holding
Promoters held 49.95 per cent stake in the company as of 31-Mar-2021, while FIIs and domestic institutional investors ownership stood at 14.39 per cent and 1.91 per cent, respectively.

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

Profit for the latest quarter stood at Rs 948.98 crore, up 162.58 per cent from the same quarter a year ago.

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