Mumbai: Shares of Bajaj Holdings & Investment Ltd. saw a 1.32 percent decrease, closing at Rs 8506.15, while the benchmark BSE Sensex gained 520.07 points, to 78573.59.
At the counter, 1,537 shares worth a total of Rs 1.31 crore were exchanged. The 52-week high and low prices for the stock were 9355.0 and 6634.6, respectively. The stock's 50-DMA was at Rs 8192.55 on the technical charts, and its 200-DMA was at Rs 7902.39. When a stock trades above its 200-day moving average and 50-day moving average, the trend is usually upward.
Conversely, a bearish trend is indicated if the stock trades below both the 50 and 200-day moving averages; a trading range between the two indicates that the stock may move in any direction.
In the last year, the company's shares have increased by 25.94 percent, whilst the Sensex has increased by 25.46 percent. The stock trades at a price-to-book ratio of 1.7 and a price-to-earnings multiple of 13.12, per BSE data. A greater P/E ratio indicates that investors are prepared to pay more due to more optimistic growth projections for the future. Price to book value reveals a company's intrinsic worth and represents the amount of money investors are willing to part with, even in the event that there is no business growth. The industry that the stock is in is holding - diversified.
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