Bajaj Holdings shares 0.0 per cent in Thursday's trading session

Shares of Bajaj Holdings & Investment Ltd. 0.0 per cent to Rs 8122.8 in Thursday's trade as of 01:18PM (IST) even as the benchmark Nifty ruled at 22819.15, up 221.36 points.

The scrip had closed at Rs 8122.0 in the previous session. The stock quoted a 52-week low of Rs 6366.05 and a high of Rs 9355.0. The company quoted a market-cap of Rs 90425.98 crore on the BSE.

On BSE, 210 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 12.44 times its trailing 12-month EPS of Rs 652.98 per share and 1.7 times its book value. The return on equity (ROE) stood at Rs 13.39.

Key Financials
For the quarter ended 31-Mar-2024, Bajaj Holdings & Investment Ltd. reported consolidated sales of Rs 1221.61 crore, up 1051.48 per cent from the same quarter a year ago. The company reported 100.79 per cent YoY growth in net profit at Rs 2716.12 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.