Share price of Bajaj Holdings falls as Nifty weakens

Shares of Bajaj Holdings & Investment Ltd. slipped 0.67 per cent to Rs 5981.85 in Friday's trade as of 10:46AM (IST).

The stock hit a high price of Rs 6202.35 and low of Rs 5981.85 during the session.

The return on equity (ROE) for the stock stood at 9.46 per cent. Traded volume on the counter stood at 10:46AM shares and turnover at Rs 0.11 crore around that time.

The stock of & Investment Ltd. quoted a 52-week high and 52-week low prices of Rs 7377.6 and Rs 4299.8, 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 51.36 per cent stake in the company as of 31-Dec-2022, while FIIs held 12.27 per cent and domestic institutional investors had 4.93 per cent.

Key Financials
The company reported consolidated sales of Rs 116.03 crore for the quarter ended 31-Dec-2022, down 42.27 per cent from previous quarter's Rs 200.99 crore and down 5.36 per cent from the year-ago quarter's Rs 110.13 crore.

Net profit after tax for the latest quarter stood at Rs 1285.65 crore, up 23.6 per cent from the same quarter a year ago.