$BAJAJHLDNG

$BAJAJHLDNG Bajaj Holdings is not a typical operating business. It is essentially a holding company whose value is largely derived from its investments in Bajaj Group companies, especially Bajaj Finserv and Bajaj Auto. Therefore, the stock should be analyzed more on NAV (Net Asset Value) discount/premium rather than only PE ratio. Fundamental Strengths Virtually debt-free balance sheet. Strong dividend-paying history; FY26 dividend announcement totals ₹130/share (including special dividend). ROE around 12% and healthy profitability. Market cap above ₹1 lakh crore, making it one of the largest listed holding companies in India. Valuation Perspective A key metric for Bajaj Holdings is NAV. As of March 2026: Book Value ≈ ₹2,454 per share. NAV of investments ≈ ₹19,388 per share. The stock has been trading around ₹10,000–10,200 recently, meaning it still trades at a substantial discount to the underlying value of its investments. This holding-company discount has historically existed but can narrow during bullish phases. Technical View 52-week high: ~₹14,763 52-week low: ~₹8,588 Recent trading zone: ₹9,800–10,300.