Bajaj Holdings shares down 0.61% as Nifty drops

NEW DELHI: Shares of Bajaj Holdings & Investment Ltd. traded 0.61 per cent down in Monday's trade at 10:51AM (IST). Around 313 shares changed hands on the counter.

The counter opened at Rs 5225.4 and touched an intraday high and low of Rs 5250.3 and Rs 5120.0, respectively, in the session so far. The stock of Bajaj Holdings & Investment Ltd. quoted a 52-week high of Rs 5654.0 and a 52-week low of Rs 3145.0.

As per BSE, the total market cap of the Bajaj Holdings & Investment Ltd. stood at Rs 57060.18 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 110.13 crore for the quarter ended 31-Dec-2021, down 31.34 per cent from previous quarter's Rs 160.39 crore and down 3.11 per cent from the year-ago quarter's Rs 113.66 crore.

The net profit for latest quarter stood at Rs 1040.16 crore, down 9.52 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2021, DIIs held 3.13 per cent stake in the firm, while foreign institutional investors held 13.02 per cent and the promoters 50.48 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 14.63 and a price-to-book ratio of 0.99. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.