Bajaj Holdings shares gain 1.55% as Sensex rises
The stock quoted a 52-week high of Rs 9355.0 and a 52-week low of Rs 6259.0.
Shares of & Investment Ltd. traded 1.55 per cent higher in Wednesday's session at 11:06AM (IST). The stock opened at Rs 8106.45 and has touched an intraday high and low of Rs 8240.5 and Rs 8106.45, respectively, during the session so far.The stock quoted a 52-week high of Rs 9355.0 and a 52-week low of 6259.0. About 834 shares changed hands on the counter so far.
Benchmark Nifty50 was up 90.8 points at 22458.8, while the BSE traded 323.89 points higher at 74062.34 at the time of writing of this report.
In the pack, 41 stocks traded the day in the green, while 9 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-Mar-2024, while FIIs held 11.53 per cent and MFs 4.81 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 7711.04 on April 24, while the 50-DMA was at Rs 8452.6. 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
