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    Bajaj Holdings shares down 0.35% as Nifty gains

    Synopsis

    The stock quoted a 52-week high price of Rs 5121.4 and low of Rs 2226.0.

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    India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
    Shares of & Investment Ltd. rose 0.35 per cent to Rs 4817.7 in Monday's trade. It hit an intraday high of Rs 4875.0 and low of Rs 4734.0, respectively, during the day.

    The stock quoted a 52-week high price of Rs 5121.4 and low of Rs 2226.0.

    As of 01:48PM (IST), the counter saw total traded volume of 2,415 shares with a traded value of Rs 1.16 crore, according to NSE.

    The stock had closed at Rs 4834.5 in the previous session.

    The scrip has advanced 0.04 per cent in the past one month till date, while the benchmark BSE Sensex has gained 2.95 per cent during the same period.

    According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 13.38 while price-to-book ratio stood at 0.99. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

    The stock belongs to the Holding - Diversified industry.

    Promoter/FII Holding
    Promoters held 50.07 per cent stake in the company as of 30-Sep-2021, while FII and MF ownership in the firm stood at 13.31 per cent and 2.98 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 160.39 crore for the quarter ended 30-Sep-2021, up 44.97 per cent from the previous quarter's Rs 110.64 crore and up 21.84 per cent from the year-ago quarter's Rs 131.64 crore. Its net profit for the latest quarter stood at Rs 1131.57 crore, up 29.75 per cent from the same quarter a year ago.

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