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Bajaj Corp extends slide post dull Q4 numbers

Capital Market 

Bajaj Corp lost 1.63% to Rs 395.40 at 15:03 on BSE, with the stock extending Monday's slide triggered by the company reporting weak Q4

Meanwhile, the S&P Sensex was down 97.63 points or 0.33% at 29,316.03. The S&P Mid-Cap index was down 85.68 points or 0.6% at 14,301.39.

On the BSE, 8,992 shares were traded on the counter so far as against the average daily volumes of 14,000 shares in the past two weeks. The stock had hit a high of Rs 408.85 and a low of Rs 395 so far during the day.

The stock had hit a 52-week high of Rs 436 on 10 October 2016 and a 52-week low of Rs 340 on 12 December 2016.

Shares of Bajaj Corp have fallen 7.79% in two trading sessions from its closing of Rs 428.85 on 13 April 2017, after the company at the fag end of trading session on 13 April 2017 reported weak Q4 March 2017

The stock had declined 6.27% to settle at Rs 401.95 yesterday, 17 April 2017. The was shut on Friday, 14 April 2017, on account of public holiday.

Bajaj Corp's net profit fell 2.9% to Rs 52.67 crore on 1.9% decline in net sales to Rs 204.21 crore in Q4 March 2017 over Q4 March 2016.

Bajaj Corp is an FMCG company with major brands in hair care category.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 18 2017. 15:09 IST