Share price of Bajaj Holdings jumps as Sensex drops 401.98 points
A total of 994 shares changed hands on the counter till 10:15AM (IST)
Share price of & Investment Ltd. gained 1.48 per cent to Rs 7920.0 at 10:15AM (IST) in Thursday's trade. The stock hit a high of Rs 7960.0 and low of Rs 7805.0 so far during the session. The stock had closed at Rs 7803.9 in the previous session.The counter had a total traded volume of 10:15AM shares so far with a turnover of Rs 0.79 crore on . The stock traded at a price-to-earnings multiple of 11.95 and a price-to-book ratio of 1.7.
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.
& 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 FIIs and domestic institutional investors ownership stood at 11.53 per cent and 6.07 per cent, respectively.
Key Financials
The firm 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.
Its 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
