Bajaj Holdings shares rise 1.3 per cent in Tuesday’s trading session

Stock market update: Stocks that hit 52-week lows on NSE in today's trade

Shares of Bajaj Holdings & Investment Ltd. rose 1.3 per cent to Rs 5751.2 in Tuesday’s trade as of 11:42AM (IST) even as the benchmark Nifty ruled at 17660.85, down 4.95 points.

The scrip had closed at Rs 5677.3 in the previous session. The stock quoted a 52-week low of Rs 4235.75 and a high of Rs 6573.05. The company quoted a market-cap of Rs 63969.84 crore on the BSE.

On BSE, 1,328 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 15.06 times its trailing 12-month EPS of Rs 381.55 per share and 1.3 times its book value. The return on equity (ROE) stood at Rs 9.46.

Key Financials

For the quarter ended 30-Jun-2022, & Investment Ltd. reported consolidated sales of Rs 104.24 crore, down 5.78 per cent from the same quarter a year ago. The company reported 24.5 per cent YoY growth in net profit at Rs 969.33 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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