bajaj holdings share price: Bajaj Holdings share price up 0.7 per cent

Shares of & Investment Ltd. traded 0.7 per cent up at Rs 3543.2 at around 11:38AM (IST) on Monday. The stock had closed at Rs 3518.6 in the previous session. Equity benchmark Sensex traded 377.85 points higher at 51800.73 around the same time.

The scrip has climbed 76.86 per cent in the last one year till date, while the 30-share index has gained 61.85 per cent during the same period.

The stock’s 52-week high price stood at Rs 3784.8 and the 52-week low price at Rs 1969.9.

Trading volume on the counter stood at 1,046 shares, while it quoted a price-to-earnings ratio of 10.78, an EPS value of 327.95 and a price-to-book value of 0.72. In the Nifty50 pack, 33 stocks traded in the green, while 17 stocks were in the red.

Promoter/FII Holding
Promoters held 49.95 per cent stake in the company as of 31-Mar-2021, while overseas investor and MF ownership stood at 15.85 per cent and 1.91 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 112.41 crore, down 1.1 per cent from the previous quarter’s Rs 113.66 crore and down 5.12 per cent from the year-ago quarter’s Rs 118.47 crore. The company reported net profit of Rs 948.98 crore for the latest quarter.

Technical Indicators

The MACD signalled a bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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