HomeGeneralBajaj Holdings shares up 0.57% as Nifty drops

Bajaj Holdings shares up 0.57% as Nifty drops

NEW DELHI: Shares of Bajaj Holdings & Investment Ltd. traded 0.57 per cent up in Monday’s trade at 10:10AM (IST). Around 2,101 shares changed hands on the counter.

The scrip opened at Rs 4930.0 and touched an intraday high and low of Rs 5002.35 and Rs 4735.8, respectively, in the session so far. Shares of the company of Bajaj Holdings & Investment Ltd. quoted a 52-week high of Rs 5654.0 and a 52-week low of Rs 3145.0.

As per BSE, the total market cap of the Bajaj Holdings & Investment Ltd. stood at Rs 55385.77 crore at the time of writing this report.

Key Financials


The company reported consolidated net sales of Rs 110.13 crore for the quarter ended 31-Dec-2021, down 31.34 per cent from previous quarter’s Rs 160.39 crore and down 3.11 per cent from the year-ago quarter’s Rs 113.66 crore.

The net profit for latest quarter stood at Rs 1040.16 crore, down 9.52 per cent from the same quarter a year ago.

Shareholding pattern


As of 31-Dec-2021, DIIs held 3.13 per cent stake in the firm, while foreign institutional investors held 13.02 per cent and the promoters 50.48 per cent.

Valuation ratio


According to BSE data, the stock traded at a P/E multiple of 14.2 and a price-to-book ratio of 0.99. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Bajaj Holdings & Investment Ltd. belongs to the Holding – Diversified industry.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Read More

  • Tags
  • Bajaj
  • Holdings

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

HiFiMan HE400se headphones review

New phones of the week

Recent Comments

A WordPress Commenter on Hello world!