Shares of Bajaj Holdings & Investment Ltd. traded 0.2 per cent up at Rs 2305.65 on Wednesday at around 11:49AM (IST), while the benchmark BSE Sensex advanced 237.6 points to 40498.73.


As many as 451 shares changed hands on the counter with a total value of Rs 0.1 crore.

The stock quoted a 52-week high price of Rs 3949.35 and a 52-week low of Rs 1471.85.

On the technical charts, the 200-DMA of the stock stood at Rs 2583.86, while 50-DMA was at Rs 2451.38. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 37.77 percent in the past one year, while Sensex has risen 0.83 percent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 9.01 and a price-to-book ratio of 0.72. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Holding - Diversified industry.