Shares of FMCG firm Bajaj Corp today rose by over 3 per cent after the company reported a 5.32 per cent increase in standalone net profit for the first quarter ended June 30.
The stock gained 3.37 per cent to settle at Rs 409.45 on BSE. During the day, it jumped 5.27 per cent to Rs 417.
At NSE, shares of the company went up by 3.17 per cent to end at Rs 409.65.
Bajaj Corp today reported a 5.32 per cent increase in standalone net profit at Rs 54.97 crore for the first quarter ended June 30.
The company had reported a net profit of Rs 52.19 crore in the same quarter a year ago.
Total income during the quarter under review fell by 1.96 per cent to Rs 208.49 crore, as against Rs 212.67 crore in the corresponding period last year, the company said in a BSE filing.
Bajaj Corp has several products in haircare segment such as Bajaj Almond Drops, Bajaj Kailash Parbat and Bajaj Brahmi Amla. The company also acquired Nomarks brands in 2013.