Bajaj Holdings shares down 0.19% as Sensex falls

Bajaj Holdings shares down 0.19% as Sensex falls
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Synopsis

A total of 909 shares changed hands on the counter till 11:53AM (IST)

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Among the 50 stocks in the Nifty index, 35 were trading in the green, while 14 were in the red.
Shares of & Investment Ltd. fell 0.19 per cent to Rs 3651.0 in Monday's session as of 11:53AM (IST) even as the equity benchmark Sensex traded 106.33 points lower at 52818.71.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 3784.8 and a 52-week low of Rs 2219.0 on NSE. Around 909 shares changed hands on the counter till 11:53AM (IST).

The stock opened at Rs 3700.0 and has touched an intraday high and low of Rs 3700.0 and Rs 3604.0 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 11.13, earnings per share (EPS) of Rs 327.95 and price to book value (PB) of 0.72, while the return on equity (ROE) stood at Rs 10.77.

Did you Know?

Stock score of Bajaj Holdings and Investment Ltd moved up by 1 in a week on a 10-point scale.

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Promoter/ FII Holding
The promoters held 49.95 per cent stake in the company as of June 28, while FII and MF ownerships stood at 15.85 per cent and 1.91 per cent, respectively.

Key Financials
With a market capitalisation of Rs 40634.37 crore, the company operates in the Holding - Diversified industry. For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 112.41 crore, down 1.1 per cent from the previous quarter?s Rs 113.66 crore and down 5.12 per cent from the same quarter a year ago. The company reported net profit of Rs 948.98 crore for the latest quarter, up 162.58 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 65.83. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.

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