Bajaj Holdings share price up 0.1 per cent

Shares of & Investment Ltd. traded 0.1 per cent up at Rs 4707.95 at around 11:38AM (IST) on Tuesday. The stock had closed at Rs 4703.25 in the previous session. Equity benchmark Sensex traded 171.27 points lower at 59964.51 around the same time.

The scrip has climbed 96.61 per cent in the last one year till date, while the 30-share index has gained 60.38 per cent during the same period.

The stock’s 52-week high price stood at Rs 5121.4 and the 52-week low price at Rs 2219.0.

Trading volume on the counter stood at 1,953 shares, while it quoted a price-to-earnings ratio of 14.03, an EPS value of 336.88 and a price-to-book value of 0.99. In the Nifty50 pack, 18 stocks traded in the green, while 32 stocks were in the red.

Promoter/FII Holding
Promoters held 49.95 per cent stake in the company as of 30-Jun-2021, while FII and MF ownership stood at 15.13 per cent and 2.52 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 110.64 crore, down 1.57 per cent from the previous quarter’s Rs 112.41 crore and down 5.01 per cent from the year-ago quarter’s Rs 105.36 crore. The company reported net profit of Rs 778.56 crore for the latest quarter.

Technical Indicators

The MACD signalled a bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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