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Bajaj Corp off 9.5% in three sessions

Capital Market 

Bajaj Corp lost 1.81% to Rs 388.25 at 11:50 on BSE, with the stock extending recent slide triggered by the company reporting weak Q4

Meanwhile, the S&P Sensex was down 42.55 points or 0.15% at 29,276.55. The S&P Mid-Cap index was up 45.01 points or 0.31% at 14,341.14.

On the BSE, 4,243 shares were traded on the counter so far as against the average daily volumes of 10,190 shares in the past one quarter. The stock had hit a high of Rs 396.50 and a low of Rs 386 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. It had outperformed the market over the past one month till 18 April 2017, advancing 5.03% compared with the Sensex's 1.11% fall. The scrip had, however, underperformed the market over the past one quarter, gaining 0.59% as against the Sensex's 7.56% rise.

The mid-cap company has equity capital of Rs 14.75 crore. Face value per share is Rs 1.

Shares of Bajaj Corp have fallen 9.46% in three 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

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: Wed, April 19 2017. 11:52 IST
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