Share price of Bajaj Holdings falls as Nifty weakens

Share price of Bajaj Holdings falls as Nifty weakens
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Synopsis

A total of 354 shares changed hands on the counter till 12:17PM (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 Bajaj Holdings & Investment Ltd. slipped 0.6 per cent to Rs 5270.0 in Wednesday's trade as of 12:17PM (IST).

The stock hit a high price of Rs 5315.95 and low of Rs 5251.0 during the session.

The return on equity (ROE) for the stock stood at 9.46 per cent. Traded volume on the counter stood at 12:17PM shares and turnover at Rs 0.19 crore around that time.

The stock of & Investment Ltd. quoted a 52-week high and 52-week low prices of Rs 6573.05 and Rs 3899.0, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.71.

Promotor/FII Holding
Promoters held 51.2 per cent stake in the company as of 30-Jun-2022, while FIIs held 13.21 per cent and domestic institutional investors had 3.87 per cent.

Key Financials
The company reported consolidated sales of Rs 104.24 crore for the quarter ended 30-Jun-2022, down 1.05 per cent from previous quarter's Rs 105.35 crore and down 5.78 per cent from the year-ago quarter's Rs 110.64 crore.

Net profit after tax for the latest quarter stood at Rs 969.33 crore, up 24.5 per cent from the same quarter a year ago.
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