ReutersThe stock opened at Rs 6991.5 and touched an intraday high and low of Rs 6991.5 and Rs 6921.05, respectively, in the session so far. The stock of Bajaj Holdings & Investment Ltd. quoted a 52-week high of Rs 7490.0 and a 52-week low of Rs 4299.8.
As per BSE, the total market cap of the Bajaj Holdings & Investment Ltd. stood at Rs 77152.56 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 106.09 crore for the quarter ended 31-Mar-2023, down 8.57 per cent from previous quarter's Rs 116.03 crore and down 0.7 per cent from the year-ago quarter's Rs 105.35 crore.
The net profit for latest quarter stood at Rs 1352.75 crore, up 22.38 per cent from the same quarter a year ago.
As of 31-Mar-2023, domestic institutional investors held 3.68 per cent stake in the firm, while foreign institutional investors held 12.35 per cent and the promoters 51.46 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 15.91 and a price-to-book ratio of 1.49. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
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