Bajaj Auto: Slicing profits
STOCKS IN THE NEWS
| The stock touched a 11-month low of Rs 2,179 during intra-day trades on May 18, falling 21 per cent from a week high of Rs 2,747 on May 17. The counter has reported a huge turnover of Rs 2025.71 crore last week against Rs 537.26 crore in previous' week on the BSE and the NSE. |
| The key trigger for the sharp unwinding in the scrip was the company's disclosure of the low call option that partner Allianz has if it opts to raise its stake in its two insurance ventures. |
| The standalone net profit has declined 4.19 per cent in March 2007 quarter after nine quarters. In September 2004 quarter, the company had posted 7 per cent drop in net profit. However, the consolidated net profit increased 5.61 per cent to Rs 377.39 crore from Rs 357.34 crore in March 2007 quarter. |