Shares of Bajaj Holdings NSE 2.24 % & Investment Ltd. gained 2.23% to Rs 3971.95 in Friday's trade as of 10:10AM (IST). The stock hit a high price of Rs 4018.8 and a low of Rs 3877.7 during the session.
The return on equity (ROE) for the stock stood at 9.82%. Traded volume on the counter stood at 10:10AM shares and turnover at Rs 0.41 crore around that time. The stock of Bajaj Holdings & Investment Ltd. quoted a 52-week high price of Rs 4018.8 and 52-week low prices of Rs 2219.0, respectively.
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.71.
The company reported consolidated sales of Rs 112.41 crore for the quarter ended 31-Mar-2021, down 1.1% from the previous quarter's Rs 113.66 crore and down 5.12% from the year-ago quarter's Rs 118.47 crore. Net profit after tax for the latest quarter stood at Rs 948.98 crore, up 162.58% from the same quarter a year ago.
The MACD signaled a bullish bias on the counter. The MACD is known for signaling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
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