The return on equity (ROE) for the stock stood at 9.82 per cent. Traded volume on the counter stood at 12:39PM shares and turnover at Rs 0.44 crore around that time. The stock of Bajaj Holdings & Investment Ltd. quoted a 52-week high price of Rs 5121.4 and 52-week low prices of Rs 2306.65, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.71.
Promotor/FII Holding
Promoters held 50.07 per cent stake in the company as of 30-Sep-2021, while FIIs held 13.31 per cent and domestic institutional investors had 2.98 per cent.
Key Financials
The company reported consolidated sales of Rs 160.39 crore for the quarter ended 30-Sep-2021, up 44.97 per cent from previous quarter’s Rs 110.64 crore and up 21.84 per cent from the year-ago quarter’s Rs 131.64 crore. Net profit after tax for the latest quarter stood at Rs 1131.57 crore, up 29.75 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish 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 topof 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.
