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Bajaj Holdings Share Price Up 1% as Sensex Climbs

On BSE, Bajaj Finance's stocks lost 6.69% to Rs 6,134.

Shares of Bajaj Holdings & Investment Ltd were up 1% at Rs 6,724.75 at 1:39 pm on Monday. The stock opened with a gap earlier in the day.


According to BSE data, 5,607 shares were traded over the counter at Rs 3.74 crore as of 1:39 pm. The stock has a price-to-earnings (P/E) ratio of 17.61 and a price-to-book ratio of 1.3.


According to exchange data, the return on equity (ROE) was 9.46%. The stock hit an intraday high of Rs 6,778.45 and a low of Rs 6,558 and set a 52-week high of Rs 6,827.85 and a 52-week low of Rs 4,253.75. The stock’s beta value, which measures its volatility relative to the broader market, is 0.71.


On September 12, the stock had a 200-day SMA (daily moving average) of Rs 5,176.35 and a 50-day SMA of Rs 5,240.2. If a stock trades above the 50-day and 200-day moving averages, it usually means the current trend is up. On the other hand, if the stock is trading below the 50-day SMA and the 200-day SMA, it is considered a bearish trend. If it trades between the 50-DMA and 200-DMA, it shows that the stock can go either way.


The Relative Strength Index (RSI) was 85.67. RSI fluctuates between 0 and 100. Traditionally, stocks are considered overbought when the RSI value is above 70 and oversold when the RSI value is below 30.


As of June 30, 2022, the promoters held 51.2% of the shares, foreign institutional investors held 13.21%, and domestic institutional investors held 3.87%.

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