Bajaj Holdings shares down 3.7% as Nifty drops

NEW DELHI: Shares of & Investment Ltd. traded 3.7 per cent down in Tuesday’s trade at 02:14PM (IST). Around 4,249 shares changed hands on the counter.

The stock opened at Rs 4999.2 and touched an intraday high and low of Rs 4999.2 and Rs 4778.55, respectively, in the session so far. Shares of the company of Bajaj Holdings & Investment Ltd. quoted a 52-week high of Rs 5121.4 and a 52-week low of Rs 2219.0.

Total market cap of the Bajaj Holdings & Investment Ltd. stood at Rs 53473.75 crore at the time of writing this report.

Key Financials

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

The net profit for latest quarter stood at Rs 778.56 crore, up 14.64 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Jun-2021, domestic institutional investors held 2.52 per cent stake in the firm, while foreign institutional investors held 15.13 per cent and the promoters 49.95 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 14.26 and a price-to-book ratio of 0.99. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Bajaj Holdings & Investment Ltd. belongs to the Holding – Diversified industry.

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