Bajaj Holdings shares gain 0.2% as Sensex rises

Shares of Bajaj Holdings & Investment Ltd. traded 0.2 per cent higher in Friday's session at 12:12PM (IST). The stock opened at Rs 4970.05 and has touched an intraday high and low of Rs 5050.0 and Rs 4957.15, respectively, during the session so far.

The stock quoted a 52-week high of Rs 5654.0 and a 52-week low of 3145.0. About 733 shares changed hands on the counter so far.

Benchmark Nifty50 was up 51.8 points at 16646.70, while the BSE Sensex traded 193.8 points higher at 55658.19 at the time of writing of this report.

In the Nifty pack, 29 stocks traded the day in the green, while 20 were in the red.


Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 110.13 crore, down 31.34 per cent from the previous quarter's Rs 160.39 crore and down 3.11 per cent from the year-ago quarter. The company reported net profit of Rs 1040.16 crore for the latest quarter.

Promoter Holdings
Promoters held 50.48 per cent stake in the company as of 31-Dec-2021, while FIIs held 14.27 per cent and MFs 3.13 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 4594.99 on March 11, while the 50-DMA was at Rs 5216.25. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.