Bajaj Holdings shares up 0.04% as Sensex rises

Shares of & Investment Ltd. gained 0.04 per cent to Rs 3895.75 in Wednesday’s session as of 03:17PM (IST) even as the equity benchmark Sensex traded 140.5 points higher at 52910.23.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 3939.0 and a 52-week low of Rs 2219.0 on NSE. Around 1239 shares changed hands on the counter till 03:17PM (IST).

The stock opened at Rs 3935.0 and has touched an intraday high and low of Rs 3935.0 and Rs 3848.0 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 11.86, earnings per share (EPS) of Rs 327.95 and price to book value (PB) of 0.99, while the return on equity (ROE) stood at Rs 9.82.

Promoter/ FII Holding
The promoters held 49.95 per cent stake in the company as of July 14, while FII and MF ownerships stood at 15.85 per cent and 1.91 per cent, respectively.

Key Financials

With a market capitalisation of Rs 43299.3 crore, the company operates in the Holding – Diversified industry. For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 112.41 crore, down 1.1 per cent from the previous quarter?s Rs 113.66 crore and down 5.12 per cent from the same quarter a year ago. The company reported net profit of Rs 948.98 crore for the latest quarter, up 162.58 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 69.94. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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