Trending stocks: Bajaj Holdings shares rise over 1%

NEW DELHI: Shares of Bajaj Holdings & Investment Ltd. traded 1.25 per cent up in Friday's trade at 11:15AM (IST). Around 1,150 shares changed hands on the counter.

The counter opened at Rs 1934.0 and touched an intraday high and low of Rs 1943.85 and Rs 1880.55, respectively, in the session so far. The stock of Bajaj Holdings & Investment Ltd. quoted a 52-week high of Rs 3949.35 and a 52-week low of Rs 1471.85.

Total market cap of the Bajaj Holdings & Investment Ltd. stood at Rs 21541.42 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 110.46 crore for the quarter ended 31-Mar-2020, up 27.17 per cent from previous quarter's Rs 86.86 crore and up 33.05 per cent from the year-ago quarter's Rs 83.02 crore.

The net profit for latest quarter stood at Rs 361.41 crore, down 54.34 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 1.05 per cent stake in the company, while foreign institutional investors held 15.66 per cent and the promoters 49.91 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 7.2 and a price-to-book ratio of 0.8. 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.