Bajaj Holdings shares down 3.35% as Nifty falls


Shares of Bajaj Holdings & Investment Ltd. rose 3.35 per cent to Rs 4791.55 in Thursday’s trade. It hit an intraday high of Rs 5009.75 and low of Rs 4774.8, respectively, during the day.

The stock quoted a 52-week high price of Rs 6573.05 and low of Rs 3455.85.

As of 12:43PM (IST), the counter saw total traded volume of 1,304 shares with a traded value of Rs 0.63 crore, according to NSE.

The stock had closed at Rs 4957.5 in the previous session.

The scrip has declined -2.52 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -1.27 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 13.71 while price-to-book ratio stood at 1.3. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Holding – Diversified industry.

Promoter/FII Holding
Promoters held 51.09 per cent stake in the company as of 31-Mar-2022, while FII and MF ownership in the firm stood at 12.06 per cent and 3.58 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 105.35 crore for the quarter ended 31-Mar-2022, down 4.34 per cent from the previous quarter’s Rs 110.13 crore and down 6.28 per cent from the year-ago quarter’s Rs 112.41 crore. Its net profit for the latest quarter stood at Rs 1105.39 crore, up 16.48 per cent from the same quarter a year ago.

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