Bajaj Holdings shares down 0.02% as Sensex falls

The stock opened at Rs 8407.0 and has touched an intraday high and low of Rs 8444.0 and Rs 8378.0 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 15.84, earnings per share (EPS) of Rs 530.47 and price to book value (PB) of 1.49, while the return on equity (ROE) stood at Rs 10.97.

Promoter/ FII Holding
The promoters held 51.46 per cent stake in the company as of April 02, while FII and MF ownerships stood at 11.57 per cent and 4.65 per cent, respectively.

Key Financials
With a market capitalisation of Rs 93542.2 crore, the company operates in the Holding - Diversified industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 132.5 crore, down 44.81 per cent from the previous quarter?s Rs 240.06 crore and down 14.19 per cent from the same quarter a year ago. The company reported net profit of Rs 1644.43 crore for the latest quarter, up 27.91 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 49.1. 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.