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Nifty Weakens: Bajaj Holdings Share Price Drops 1.47% to Rs 7873

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.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

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