Bajaj Holdings shares gain 0.32% as Sensex rises
The stock quoted a 52-week high of Rs 9355.0 and a 52-week low of Rs 5852.1.
Shares of & Investment Ltd. traded 0.32 per cent higher in Monday's session at 11:36AM (IST). The stock opened at Rs 8195.3 and has touched an intraday high and low of Rs 8250.0 and Rs 8193.1, respectively, during the session so far.The stock quoted a 52-week high of Rs 9355.0 and a 52-week low of 5852.1. About 316 shares changed hands on the counter so far.
Benchmark Nifty50 was up 118.1 points at 22631.8, while the BSE traded 385.28 points higher at 74633.5 at the time of writing of this report.
In the pack, 34 stocks traded the day in the green, while 16 were in the red.
Key Financials
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 year-ago quarter. The company reported net profit of Rs 1644.43 crore for the latest quarter.
Promoter Holdings
Promoters held 51.46 per cent stake in the company as of 31-Dec-2023, while FIIs held 11.57 per cent and MFs 4.65 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 7657.98 on April 08, while the 50-DMA was at Rs 8522.96. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
