Share price of Bajaj Holdings jumps as Sensex gains 71.83 points
Promoters held 51.46 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 11.57 per cent and 4.65 per cent, respectively.
The share price of & Investment Ltd. gained 0.94 per cent to Rs 8780.2 at 12:17PM (IST) in Thursday's trade. The counter has hit a high of Rs 8796.75 and low of Rs 8598.25 so far during the session. The stock had closed at Rs 8698.3 in the previous session.The counter has had a total traded volume of 742 shares so far with a value of Rs 0.65 crore on the . It traded at a price-to-earnings multiple of 16.57 and a price-to-book ratio of 1.49.
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 40.27 per cent during the past one year, while the 30-share index advanced 19.78 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-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 11.57 per cent and 4.65 per cent, respectively.
Key Financials
The firm reported consolidated sales of Rs 132.5 crore for the quarter ended 31-Dec-2023, 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's Rs 116.03 crore.
Profit for the latest quarter stood at Rs 1644.43 crore, up 27.91 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
