Shares of Bajaj Holdings & Investment Ltd. dropped by 1.47% to Rs 7873.0 on Tuesday as of 02:08 PM (IST). During the trading session, the stock reached a high of Rs 7999.0 and a low of Rs 7859.3.
The stock’s return on equity (ROE) is 13.39%. By 02:08 PM, the trading volume stood at 18,352 shares, with a turnover of Rs 1.1 crore. Bajaj Holdings & Investment Ltd. has a 52-week high of Rs 9355.0 and a 52-week low of Rs 6634.6.
The stock’s Beta value, indicating its volatility compared to the broader market, is 0.71.
Promoter and FII Holdings
As of March 31, 2024, promoters hold a 51.46% stake in the company, foreign institutional investors (FIIs) hold 11.54%, and domestic institutional investors own 4.81%.
Key Financials
For the quarter ending March 31, 2024, Bajaj Holdings reported consolidated sales of Rs 1221.61 crore, a significant increase from the previous quarter’s Rs 132.5 crore and the year-ago quarter’s Rs 106.09 crore. The net profit for the latest quarter was Rs 2716.12 crore, up 100.79% from the same quarter last year.
Technical Analysis
The Moving Average Convergence Divergence (MACD) indicator shows a bearish trend for the stock. The MACD, which signals trend reversals, is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, known as the signal line, is plotted on the MACD to indicate “buy” or “sell” opportunities. When the MACD crosses below the signal line, it indicates a potential downward movement in the stock price.
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