Share price of Bajaj Holdings jumps as Sensex gains 120.59 points

Share price of Bajaj Holdings & Investment Ltd. gained 0.16 per cent to Rs 6977.0 at 12:19PM (IST) in Wednesday's trade. The stock hit a high of Rs 7003.0 and low of Rs 6956.45 so far during the session. The stock had closed at Rs 6965.7 in the previous session.

The counter had a total traded volume of 12:19PM shares so far with a turnover of Rs 0.11 crore on BSE. The stock traded at a price-to-earnings multiple of 16.05 and a price-to-book ratio of 1.49.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Bajaj Holdings & Investment Ltd. belongs to the Holding - Diversified industry.

Promotor/FII Holding
Promoters held 51.46 per cent stake in the company as of 31-Mar-2023, while foreign investors and domestic institutional investors ownership stood at 12.34 per cent and 4.95 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 106.09 crore for the quarter ended 31-Mar-2023, down 8.57 per cent from the previous quarter's Rs 116.03 crore and down 0.7 per cent from the year-ago quarter's Rs 105.35 crore.

Its profit for the latest quarter stood at Rs 1352.75 crore, up 22.38 per cent from the same quarter a year ago.