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Bajaj Corp slides after weak Q4 results

Capital Market 

Bajaj Corp tumbled 5.96% to Rs 403.30 at 10:29 on after 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.

The result was announced at the fag end of the trading session on Thursday, 13 April 2017. The market was shut on Friday, 14 April 2017, on account of public holiday.

Meanwhile, the S&P Sensex was down 15.88 points or 0.05% at 29,445.57. The S&P Mid-Cap index was up 22.96 points or 0.16% at 14,373.92.

On the BSE, 13,000 shares were traded on the counter so far as against the average daily volumes of 9,692 shares in the past one quarter. The stock had hit a high of Rs 410.35 and a low of Rs 397 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 13 April 2017, advancing 16.85% compared with the Sensex's 1.78% rise. The scrip had also outperformed the market over the past one quarter gaining 11.51% as against the Sensex's 8.16% rise.

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

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: Mon, April 17 2017. 10:30 IST
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