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    Bajaj Holdings rises 1.48% as Sensex climbs

    Synopsis

    The stock traded at a P/E multiple of 15.73, while the price-to-book value ratio stood at 1.3.

    A broker reacts while trading at his computer terminal at a stock brokerage firm in MumbaiReuters
    Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
    Shares of Bajaj Holdings & Investment Ltd. traded at Rs 6956.0 on BSE at 10:46AM (IST) on Tuesday, up 1.48 per cent from previous close.

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

    Earlier, shares of the company saw a gap up opening in the morning.

    A total of 1,489 lakh shares changed hands on the counter till 10:46AM (IST).

    The stock of Bajaj Holdings & Investment Ltd. commanded a market value of Rs 76288.36 crore, according to BSE.

    The stock traded at a price-to-earning (P/E) multiple of 15.73, 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, 366 stocks traded in the green, while 135 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 51.46 per cent in Bajaj Holdings & Investment Ltd. as of 31-Mar-2023 while foreign portfolio investors and domestic institutional investors owned 12.35 per cent and 3.68 per cent, respectively.

    Moving averages
    The 200-DMA of the stock stood at 6049.37 on May 02, while the 50-DMA was at 6152.4. 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.
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