Share price of Bajaj Holdings falls as Sensex gains 205.23 points
Promoters held 51.46 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 11.54 per cent and 4.81 per cent, respectively.
The share price of & Investment Ltd. dropped 1.11 per cent to Rs 7826.95 at 01:02PM (IST) in Friday's trade. The stock has hit a high of Rs 7914.85 and low of Rs 7741.0 so far during the session. The stock had closed at Rs 7914.85 in the previous session.The counter has had a total traded volume of 506 shares so far with a value of Rs 0.4 crore on the . It traded at a price-to-earnings multiple of 14.75 and a price-to-book ratio of 1.49.
A higher price-to-earnings 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 23.98 per cent during the past one year, while the 30-share index advanced 21.46 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-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 11.54 per cent and 4.81 per cent, respectively.
Key Financials
The firm reported consolidated net 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
