Bajaj Holdings shares down 1.14% as Nifty drops

The scrip opened at Rs 5980.05 and touched an intraday high and low of Rs 6056.55 and Rs 5957.65, respectively, in the session so far. The stock of

& 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 66450.57 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 same quarter a year ago.

Shareholding pattern
As of 31-Dec-2022, DIIs held 3.79 per cent stake in the firm, 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 price-to-earnings multiple of 14.44 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.