On October 29, 2024, Baazar Style witnessed a robust performance in its stock trading as the share price surged by 3.43%, reaching a closing price of ₹351.05. This increase came amid a mixed performance from benchmark indices such as the Nifty and Sensex, which experienced a dip and a slight rise, respectively. While Nifty recorded a slight decline of 0.16%, the Sensex edged up slightly by 0.01%.
| Table of Contents | |
|---|---|
| Stock Performance Details | Market Comparison and Wrap-Up |
| Conclusion | FAQ |
Stock Performance Details
Pricing Information
Baazar Style’s stock demonstrated strong trading performance on this day, with the following key pricing indicators:
| Indicator | Value (₹) |
|---|---|
| Opening Price | 340.1 |
| Closing Price | 351.05 |
| High Price | 352.15 |
| Low Price | 332.75 |
| Current Trading Price | 351.05 |
Technical Analysis
From a technical analysis perspective, Baazar Style’s stock is trading:
- Above the 5, 10, 50, 100, 300-day Simple Moving Averages (SMA)
- Below the 20-day SMA
As for support and resistance levels, the stock is expected to find support at the aforementioned SMAs and face resistance at the 20-day SMA.
Fundamental Analysis
Fundamentally, Baazar Style appears to be performing relatively well with the following metrics:
- Return on Equity (ROE): 10.74%
- Return on Assets (ROA): 2.16%
- Price/Earnings (P/E) ratio: 162.46
Ownership Breakdown
As of the September quarter, the breakdown of ownership for Baazar Style is as follows:
| Ownership Type | Percentage |
|---|---|
| Promoter Holding | 0.00% |
| Mutual Fund Holding | 1.03% |
| Foreign Institutional Investor (FII) Holding | 6.53% |
Notably, Mutual Fund holding decreased from 1.16% in June to 1.03% in September, while FII holding increased from 5.26% to 6.53% in the same period.
Market Comparison and Wrap-Up
On October 29, 2024, Baazar Style’s stock performance stood in stark contrast to its peers and key benchmark indices. While Baazar Style surged by 3.43%, the Nifty index experienced a slight decrease of 0.16% and the Sensex only marginally increased by 0.01%. This divergence highlights the company’s robust performance amidst a generally muted market environment.
For continuous updates and detailed analysis, investors and interested readers can visit the Live Mint website.
Conclusion
In summary, Baazar Style’s stock has shown a notable surge by 3.43% on October 29, 2024, while benchmark indices such as Nifty dipped slightly. This suggests potential investor confidence in Baazar Style, providing implications for those observing market trends and looking for viable investment opportunities.
Frequently Asked Questions (FAQ)
- What is Baazar Style? – Baazar Style is a company that operates in the retail sector.
- What does a surge in stock price indicate? – A surge in stock price often indicates positive investor sentiment and expectations of future growth.
- Where can I track stock performance? – Websites like Live Mint provide real-time stock performance updates and analysis.
