Share price of Bajaj Holdings & Investment Ltd. jumps as Sensex drops 492.42 points

Share price of Bajaj Holdings & Investment Ltd.  jumps  as Sensex  drops  492.42 points

Share price of Bajaj Holdings & Investment Ltd. gained 0.44 per cent to Rs 3422.4 at 12:32PM (IST) in Monday’s trade. The scrip hit a high of Rs 3439.95 and low of Rs 3382.15 so far during the session. The stock had closed at Rs 3407.4 in the previous session.

The counter had a total traded volume of 12:32PM shares so far with a turnover of Rs 0.14 crore on BSE. The stock traded at a price-to-earnings multiple of 12.46 and a price-to-book ratio of 0.72.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding

Promoters held 49.95 per cent stake in the company as of 31-Dec-2020, while foreign investors and domestic institutional investors ownership stood at 14.52 per cent and 1.51 per cent, respectively.

Key Financials

The firm reported consolidated sales of Rs 113.66 crore for the quarter ended 31-Dec-2020, down 13.66 per cent from the previous quarter’s Rs 131.64 crore and down 16.66 per cent from the year-ago quarter’s Rs 97.43 crore.

Its profit for the latest quarter stood at Rs 1149.58 crore, up 23.26 per cent from the same quarter a year ago.

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