Bajaj Holdings Share Price: Bajaj Holdings share price up 1.55 per cent

Shares of & Investment Ltd. traded 1.55 per cent up at Rs 4800.55 at around 10:51AM (IST) on Wednesday. The stock had closed at Rs 4727.15 in the previous session. Equity benchmark Sensex traded 85.06 points higher at 61435.32 around the same time.

The scrip has climbed 111.98 per cent in the last one year till date, while the 30-share index has gained 51.34 per cent during the same period.

The stock’s 52-week high price stood at Rs 5121.4 and the 52-week low price at Rs 2219.0.

Trading volume on the counter stood at 1,587 shares, while it quoted a price-to-earnings ratio of 14.25, an EPS value of 336.88 and a price-to-book value of 0.99. In the Nifty50 pack, 34 stocks traded in the green, while 16 stocks were in the red.

Promoter/FII Holding
Promoters held 50.07 per cent stake in the company as of 30-Sep-2021, while foreign institutional investors and mutual funds’ ownership stood at 14.61 per cent and 2.98 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 110.64 crore, down 1.57 per cent from the previous quarter’s Rs 112.41 crore and down 5.01 per cent from the year-ago quarter’s Rs 105.36 crore. The company reported net profit of Rs 778.56 crore for the latest quarter.

Technical Indicators

The MACD signalled a bearish 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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