Bajaj Holdings & Investments

Bajaj Holdings & Investments shares dropped: Stocks

Bajaj Holdings & Investments shares dropped: Stocks

New Delhi: To begin with, the share price of Bajaj Holdings & Investments Ltd. traded at a loss today. The share price of the company decreased by 0.95% at Rs. 2,595.20 in Intraday trade. Besides, the traded volume on the counter turned over around Rs. 0.19 crores.

Initially, the stock reached an Intraday trade high of Rs. 2,651.25. As well as it reached an Intraday trade low of Rs. 2,561.00 per equity share as of yet. Earlier, the stock closed at Rs. 2,620.10 in the previous session. 

On the other side, the company posted its consolidated net sales of Rs. 110.46 crores as of March 2020. Up to 27.17% from the previous quarter, which stood at Rs. 86.86 crores.

Despite this, the net profit after tax for the present quarter stood at Rs. 361.41 crores, down by 54.34% from the same quarter a year ago.

Besides, as of March 2020, the promoters of the company held 49.91% of its stake. Likewise, the FIIs held a 15.66% stake and DIIs held a 1.05% stake. Also, the stock traded at a price-to-earnings multiple of 9.68. As well as a price-to-book ratio of 0.90. 

Stock Market Update: 

Stock Market June 30th: On Tuesday, both Sensex and Nifty came up with a bullish trend trade on the stock market. The Sensex stood trading high with 35,080.43 levels. Thereby, Nifty stood trading up with 10,343.65 levels. The Sensex gained 102.17 points with a 0.27% rise. So then, the Nifty has gained 28.00 points with a 0.27% rise.

On the other hand, the number of confirmed COVID- 19 cases in India reached 5,66,840 as of June 30th, and deaths reached 16,893.

In the border market, the S&P BSE Midcap index reported a bullish trend as well. It gained 49.56 points with a 0.38% hike and reached a 13,123.02 level. The S&P BSE Smallcap index gained 1.18 points with a 0.0095% rise and reached a 12,475.86 level. So then, the Nifty Bank also gained 107.30 points with a 0.50% rise and reached 21,481.35 levels.

Related posts

LIC Housing Finance Q4 results: Profit decreased by 39% to Rs 424 crores for FY20


Axis Bank shares drop over 6% after Q4 net loss

Stock Investor

Stock Market Update January 30th Sensex and Nifty

Stock Investor