Bajaj Holdings declines 0.52% as Sensex slides

Shares of Bajaj Holdings & Investment Ltd. traded at Rs 6299.3 on BSE at 12:55PM (IST) on Wednesday, down 0.52 per cent from previous close.

The scrip quoted a 52-week low price of Rs 4299.8 and a high of Rs 7377.6.

Earlier, the stock saw a gap down opening in the morning.

A total of 702 lakh shares changed hands on the counter till 12:55PM (IST).

The stock of Bajaj Holdings & Investment Ltd. commanded a market value of Rs 70107.12 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 15.23, while the price-to-book value ratio stood at 1.3. Return on equity (ROE) was at 9.46 per cent, according to exchange data.

In the BSE500 pack, 273 stocks traded in the green, while 228 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.71.

Promotor/FII Holding
Promoters held 51.36 per cent in Bajaj Holdings & Investment Ltd. as of 31-Dec-2022 while overseas and domestic institutional investors owned 12.27 per cent and 3.64 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 5972.28 on April 19, while the 50-DMA was at 6064.23. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.