One of the NBFC stocks acts as a primary investment company and focuses on new business opportunities has jumped 1.55 percent after increasing the stake in MPHASIS LTD with an investment of Rs. 28.91 crore.
Stock Price Movement:
In Thursday’s trading session, Bajaj Holdings & Investment Limited‘s share jumped to an intraday of 1.55 percent from the previous close of Rs. 10,208. The stock opened at Rs. 10,339.85 and is currently trading at Rs. 10,333, with a high of Rs. 10,339.85 and a low of Rs. 10,187.20. The market capitalization now stands at approximately Rs. 1,14,999.58 crore.
What Happened:
Bajaj Holdings & Investment Limited is acquiring a stake in MPHASIS LTD on November 27, 2024. The acquisition cost is Rs. 28.91 crore, which will result in Bajaj Holdings & Investment Limited obtaining a 0.0502% stake in MPHASIS LTD.
Cumulatively, the company has a total investment of Rs 66.43 crore and acquired a 0.1506% stake in MPHASIS LTD. The acquisition is being made in the ordinary course of MPHASIS LTD’s business through stock exchanges, and no regulatory approvals are required.
Investment of BHIL
Bajaj Holdings & Investment Limited (BHIL) manages a diverse portfolio with significant stakes in key companies. It holds 33.43% in Bajaj Auto Ltd., a leading motorcycle and scooter manufacturer, 39.29% in Bajaj Finserv Ltd., offering financial services, and 51% in Maharashtra Scooters Ltd., specializing in automotive components.
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Recent quarter results and ratios:
Bajaj Holdings & Investment Limited’s revenue has increased from Rs. 225 crore in Q2 FY24 to Rs. 279 crore in Q2 FY25, which has grown by 24 percent. The net profit of Bajaj Holdings & Investment Limited is down by 4.91 percent, from Rs. 1,588 crore in Q2 FY24 to Rs. 1,510 crore in Q2 FY25.
Bajaj Holdings & Investment Limited’s revenue and net profit have grown at a CAGR of 31.61 percent and 19.30 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 13.1 percent and 14.8 percent, respectively. Bajaj Holdings & Investment Limited’s EPS is to be Rs. 666.
Shareholding pattern
In September 2024, Bajaj Holdings & Investment Limited had a majority stake held by the promoters at 51.46 percent, foreign institutional investors at 10.89 percent, domestic institutional investors at 6.80 percent, and the public at 30.82 percent.
Company Overview:
Bajaj Holdings & Investment Limited (BHIL) is a prominent investment company based in Pune, India. Established following the demerger of Bajaj Auto Ltd. in April 2007, BHIL focuses on managing investments and strategic stakes in various companies, primarily in the automotive and financial sectors.
Written By – Nikhil Naik
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