At around 12:17 PM (IST) on Tuesday, Bajaj Holdings & Investment Ltd. had its share price go up by 2.22% to reach Rs 10,539.25. During the trading session, the stock reached a high of Rs 10,561.15 and a low of Rs 10,314.90. Just the day before, it closed at Rs 10,309.55. So far, only 665 shares have been traded today, totaling about Rs 0.70 crore on the NiftyStat exchange.
The company is valued at a price-to-earnings (P/E) ratio of 15.83, which means investors think it has strong future growth potential. Plus, with a price-to-book (P/B) ratio of 1.70, it indicates the company is valuable even if it doesn’t grow much right now. Over the last year, Bajaj Holdings’ stock price has jumped by 30.96%, while the 30-share index has only gained 7.36%.
Bajaj Holdings & Investment Ltd. is in the diversified holding industry. As of September 30, 2024, the company’s promoters own 51.46% of the stock, while foreign investors hold 10.89% and domestic institutions own 5.4%.
In its latest report, the company announced sales of Rs 292.80 crore for the quarter ending September 30, 2024, which is a huge increase of 97.69% from the previous quarter’s sales of Rs 148.11 crore. This is also up 21.97% compared to sales of Rs 240.06 crore from the same period last year. The firm’s total profit for this quarter was Rs 1,436.36 crore, a growth of 3.67% from a year earlier.
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