bajaj holdings share price: Bajaj Holdings rises 0.86% as Sensex climbs

Shares of & Investment Ltd. traded at Rs 3608.65 on BSE at 10:47AM (IST) on Wednesday, up 0.86 per cent from previous close.

The scrip quoted a 52-week low price of Rs 2219.0 and a high of Rs 3784.8.

Earlier, the stock saw a gap up opening in the morning.

A total of 183 lakh shares changed hands on the counter till 10:47AM (IST).

The stock of Bajaj Holdings & Investment Ltd. commanded a market value of Rs 40154.7 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 11.0, while the price-to-book value ratio stood at 0.72. Return on equity (ROE) was at 10.77 per cent, according to exchange data.

In the BSE500 pack, 349 stocks traded in the green, while 150 stocks were in the red.

The stock’s beta value, which measures volatility in relation to the broader market, stood at 0.71.

Promotor/FII Holding

Promoters held 49.95 per cent in Bajaj Holdings & Investment Ltd. as of 31-Mar-2021 while foreign and domestic institutional investors owned 14.39 per cent and 1.91 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 3148.02 on June 30, while the 50-DMA was at 3521.2. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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