Bajaj Holdings share price up 2.03 per cent

Bajaj Holdings share price up 2.03 per cent
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Synopsis

A total of 2,881 shares changed hands on the counter till 11:52AM (IST).

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Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
Shares of & Investment Ltd. traded 2.03 per cent up at Rs 5291.95 at around 11:52AM (IST) on Thursday. The stock had closed at Rs 5186.5 in the previous session. Equity benchmark Sensex traded 429.12 points higher at 58113.91 around the same time.


The scrip has climbed 70.24 per cent in the last one year till date, while the 30-share index has gained 31.84 per cent during the same period.

The stock's 52-week high price stood at Rs 5350.0 and the 52-week low price at Rs 2657.7.

Trading volume on the counter stood at 2,881 shares, while it quoted a price-to-earnings ratio of 14.7, an EPS value of 360.19 and a price-to-book value of 0.99. In the Nifty50 pack, 37 stocks traded in the green, while 12 stocks were in the red.

Promoter/FII Holding
Promoters held 50.07 per cent stake in the company as of 30-Sep-2021, while FII and MF ownership stood at 14.61 per cent and 2.98 per cent, respectively.

Key Financials
For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 160.39 crore, 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. The company reported net profit of Rs 1131.57 crore for the latest quarter.

Technical Indicators
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 top of 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.

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