Shares of Bajaj Holdings & Investment Ltd. fell by 0.24% to Rs 11,230.70 on Wednesday around 11:56 AM (IST). At the same time, the BSE Sensex, a key market indicator, dropped by 390.87 points to 80,293.58. Only 590 shares of Bajaj changed hands, bringing in a total of Rs 0.67 crore.
Bajaj Holdings hit a 52-week high price of Rs 11,515.10 and a low of Rs 7,631.10. Looking at its performance on technical charts, the 200-day moving average (200-DMA) is Rs 9,443.22, and the 50-day moving average (50-DMA) is Rs 10,597.18. If a stock is priced higher than both the 50-DMA and 200-DMA, it generally means the stock is on an upward trend. If the stock is below both averages, it suggests a downward trend. If it’s between the two, it means the stock’s future direction is unclear.
Over the past year, shares of Bajaj Holdings have risen 42.23%, while the Sensex increased by 20.02%. The stock currently has a price-to-earnings (P/E) ratio of 16.87 and a price-to-book (P/B) ratio of 1.7. A higher P/E ratio indicates investors believe the company will grow in the future. The P/B ratio shows how much investors are willing to pay for the company, even if it’s not currently growing. Bajaj Holdings is part of the Holding – Diversified industry.
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