Bajaj Holdings shares down 3.13% as Nifty drops
A total of 4,976 shares changed hands on the counter till 01:59PM (IST).
NEW DELHI: Shares of & Investment Ltd. traded 3.13 per cent down in Friday's trade at 01:59PM (IST). Around 4,976 shares changed hands on the counter.The counter opened at Rs 9902.65 and touched an intraday high and low of Rs 9902.65 and Rs 9561.1, respectively, in the session so far. The stock of & Investment Ltd. quoted a 52-week high of Rs 9977.95 and a 52-week low of Rs 6634.6.
Total market cap of the & Investment Ltd. stood at Rs 106813.39 crore at the time of writing this report.
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 previous quarter's Rs 132.5 crore and up 1051.48 per cent from the year-ago quarter's Rs 106.09 crore.
The net profit for latest quarter stood at Rs 2716.12 crore, up 100.79 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, DIIs held 4.81 per cent stake in the company, while foreign institutional investors held 11.53 per cent and the promoters 51.46 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 14.7 and a price-to-book ratio of 1.7. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Source: Stocks-Markets-Economic Times
