Share price of Bajaj Holdings jumps as Sensex drops 125.02 points
Promoters held 51.46 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 11.54 per cent and 4.81 per cent, respectively.
The share price of & Investment Ltd. gained 0.37 per cent to Rs 9675.05 at 10:56AM (IST) in Monday's trade. The scrip has hit a high of Rs 9784.7 and low of Rs 9639.35 so far during the session. The stock had closed at Rs 9639.35 in the previous session.The counter has had a total traded volume of 699 shares so far with a value of Rs 0.68 crore on the . It traded at a price-to-earnings multiple of 14.84 and a price-to-book ratio of 1.7.
A higher P/E 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 43.25 per cent during the past one year, while the 30-share index advanced 27.55 per cent during the same period.
& Investment Ltd. belongs to the Holding - Diversified industry.
Promotor/FII Holding
Promoters held 51.46 per cent stake in the company as of 31-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 11.54 per cent and 4.81 per cent, respectively.
Key Financials
The company reported consolidated sales of Rs 1221.61 crore for the quarter ended 31-Mar-2024, up 821.97 per cent from the previous quarter's Rs 132.5 crore and up 1051.48 per cent from the year-ago quarter's Rs 106.09 crore.
Profit for the latest quarter stood at Rs 2716.12 crore, up 100.79 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
