Bajaj Holdings Share Price: Bajaj Holdings stock price up 0.57 per cent as Sensex climbs

Estimated read time 6 min read
Shares of Bajaj Holdings & Investment Ltd. rose 0.57 per cent to Rs 7952.8 at 01:23PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 429 shares with a turnover of Rs 0.34 crore till 01:23PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 14.93, while the price-to-book value ratio stood at 1.49.

Return on equity (ROE) was at 10.97 per cent, according to exchange data. The stock hit an intraday high of Rs 7958.9 and a low of Rs 7866.0 during the session and quoted a 52-week high price of Rs 9355.0 and a 52-week low of Rs 5971.15.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.71.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 7691.18 on April 18, while the 50-DMA was at Rs 8492.2. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way. The Relative Strength Index (RSI) of the stood at 37.17. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30. Promoter holding

As of 31-Mar-2024, promoters held 51.46 per cent stake in the company, while overseas investors held 11.53 per cent and domestic institutional investors had 6.08 per cent.

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