The Economic Times
English Edition
| E-Paper
Search
+

    Share price of Bajaj Holdings falls as Sensex gains 95.11 points

    Synopsis

    A total of 1,506 shares changed hands on the counter till 02:07PM (IST)

    Getty Images
    tate-owned Canara Bank invited bids to sell 30 per cent stake in its housing finance subsidiary.
    Share price of & Investment Ltd. dropped 1.69 per cent to Rs 3796.3 at 02:07PM (IST) in Wednesday's trade. The scrip hit a high of Rs 3850.0 and low of Rs 3760.0 so far during the session. The stock had closed at Rs 3861.75 in the previous session.

    The counter had a total traded volume of 02:07PM shares so far with a turnover of Rs 0.57 crore on BSE. The stock traded at a price-to-earnings multiple of 11.55 and a price-to-book ratio of 0.99.

    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 1 in a month on a 10-point scale.

    View Latest Stock Report »

    The 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.

    Promotor/FII Holding
    Promoters held 49.95 per cent stake in the company as of 31-Mar-2021, while overseas investors and domestic institutional investors ownership stood at 15.85 per cent and 2.21 per cent, respectively.

    Key Financials
    The firm reported consolidated net 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.

    Its profit for the latest quarter stood at Rs 948.98 crore, up 162.58 per cent from the same quarter a year ago.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Read before you invest. Insights on Bajaj Holdings & Investment Ltd.. Explore Now
    The Economic Times

    Stories you might be interested in