Share price of Bajaj Holdings rises as Nifty strengthens

 Bajaj Holdings & Investment Ltd. exhibited a return on equity (ROE) of 10.97 percent. The trading volume of shares at 10:35 AM amounted to shares, with a turnover of Rs 0.3 crore around that time.

The stock's 52-week high and low prices were recorded at Rs 8769.05 and Rs 5791.05, respectively.

With a Beta value of 0.71, reflecting its volatility concerning the broader market, the counter maintained a certain level of stability.

Promoters maintained a stake of 51.46 percent in the company as of December 31, 2023, while overseas investors held 11.57 percent and domestic institutional investors held 5.94 percent.

In terms of key financials, the company reported consolidated sales of Rs 132.5 crore for the quarter ending December 31, 2023, marking a 44.81 percent decrease from the previous quarter's Rs 240.06 crore and a 14.19 percent decrease from the same quarter a year ago, which stood at Rs 116.03 crore.

However, the net profit after tax for the latest quarter amounted to Rs 1644.43 crore, marking a notable increase of 27.91 percent from the corresponding quarter of the previous year.

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