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    Bajaj Holdings shares down 1.67% as Nifty gains

    Synopsis

    A total of 1,449 shares changed hands on the counter till 02:09PM (IST).

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    India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
    NEW DELHI: Shares of Bajaj Holdings & Investment Ltd. traded 1.67 per cent down in Tuesday's trade at 02:09PM (IST). Around 1,449 shares changed hands on the counter.

    The counter opened at Rs 5998.5 and touched an intraday high and low of Rs 5998.5 and Rs 5834.45, respectively, in the session so far. Shares of the company of Bajaj Holdings & Investment Ltd. quoted a 52-week high of Rs 7377.6 and a 52-week low of Rs 4299.8.

    As per BSE, the total market cap of the Bajaj Holdings & Investment Ltd. stood at Rs 65532.96 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 116.03 crore for the quarter ended 31-Dec-2022, down 42.27 per cent from previous quarter's Rs 200.99 crore and down 5.36 per cent from the year-ago quarter's Rs 110.13 crore.

    The net profit for latest quarter stood at Rs 1285.65 crore, up 23.6 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 31-Dec-2022, DIIs held 3.79 per cent stake in the company, while foreign institutional investors held 11.8 per cent and the promoters 51.2 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 14.24 and a price-to-book ratio of 1.3. 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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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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