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A total of 1,052,289 shares changed hands on the counter till 11:26AM (IST).

Buy Bajaj Auto, target price Rs 4350: Emkay Global

Updated at : 2022-04-29 12:25:01

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Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 110622.12 Crore) operating in Auto sector.

The global cryptocurrency market cap was trading at $1.80 trillion, marginally down in the last 24 hours. However, the total cryptocurrency trading volume zoomed about 14 per cent to $95.54 billion.

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Axis Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.

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Gold futures on MCX advanced 0.51 per cent or Rs 260 to Rs 51,522 per 10 grams. However, silver futures were trading up by 0.33 per cent or Rs 260 at Rs 64,790 per kg.

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As of 31-Mar-2022, promoters held 41.94 per cent stake in the company, while FIIs held 31.87 per cent and domestic institutional investors had 11.86 per cent.

For the financial year 2021-22, STL profit slumped by about 77 per cent to Rs 61.95 crore from Rs 275.47 crore a year ago.

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Total assets under management (AUM) increased 8 per cent to Rs 1.27 lakh crore from Rs 1.17 lakh crore a year ago. Net interest margins, the difference between the interest earned by the company on loans and that paid on deposits, expanded to 6.96 per cent from 6.80 per cent a year ago.

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The Relative Strength Index of the stock stood at 50.24 on Friday.

“As far as the broader market is concerned, The low for the year for S&P 500 was 4114. Therefore, it is right to assume that everybody who is trying to just buy a little bit here and try and bottom fish and try and hope for a turn in the market, has got the same stop because everyone is going to stop loss around 4110-4100.”

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