Shares of Bajaj Holdings fall as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 7556.15.
Shares of & Investment Ltd. slipped 1.33 per cent to Rs 8464.35 in Wednesday's trade as of 12:23PM (IST). It hit a high of Rs 8537.5 and low of Rs 8355.25 during the session.The stock quoted a 52-week high price of Rs 9355.0 and a low of Rs 5791.05. The return on equity for the stock stood at 10.97 per cent. About 114 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.71.
The scrip has been an outperformer, up 41.0 per cent in the past one year in comparison with a 22.77 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 5791.05 on March 13, while the 50-DMA was at Rs 8483.8. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 51.46 per cent stake in & Investment Ltd. as of 31-Dec-2023. Mutual funds and foreign institutional investors held 4.65 per cent and 11.57 per cent stake.
Source: Stocks-Markets-Economic Times
