Bajaj Holdings shares rise 0.81 per cent in Tuesday's trading session
The Relative Strength Index of the stock stood at 52.69 on Tuesday.
Shares of & Investment Ltd. rose 0.81 per cent to Rs 8242.5 in Tuesday's trade as of 10:40AM (IST) even as the benchmark ruled at 22329.05, down 113.66 points.The scrip had closed at Rs 8175.65 in the previous session. The stock quoted a 52-week low of Rs 6259.0 and a high of Rs 9355.0. The company quoted a market-cap of Rs 90989.68 crore on the .
On BSE, 175 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 15.45 times its trailing 12-month EPS of Rs 652.98 per share and 1.49 times its book value. The return on equity (ROE) stood at Rs 10.97.
Key Financials
For the quarter ended 31-Mar-2024, & Investment Ltd. reported consolidated sales of Rs 1221.61 crore, up 1051.48 per cent from the same quarter a year ago. The company reported 100.79 per cent YoY growth in net profit at Rs 2716.12 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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.
Source: Stocks-Markets-Economic Times
