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    Share price of Bajaj Holdings rises as Nifty strengthens

    Synopsis

    A total of 1,027 shares changed hands on the counter till 10:10AM (IST).

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    India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
    Shares of & Investment Ltd. gained 2.23 per cent to Rs 3971.95 in Friday's trade as of 10:10AM (IST). The stock hit a high price of Rs 4018.8 and low of Rs 3877.7 during the session.

    The return on equity (ROE) for the stock stood at 9.82 per cent. Traded volume on the counter stood at 10:10AM shares and turnover at Rs 0.41 crore around that time. The stock of Bajaj Holdings & Investment Ltd. quoted a 52-week high price of Rs 4018.8 and 52-week low prices of Rs 2219.0, respectively.

    The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.71.

    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 »

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

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

    Technicals
    The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
    It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
    (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.)

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