Bajaj Corp gains after good Q4 outcome

Bajaj Corp rose 1% to Rs 481.60 at 14:33 IST on BSE after net profit rose 42.05% to Rs 54.42 crore on 27.99% rise in total income from operations to Rs 236.17 crore in Q4 March 2015 over Q4 March 2014.

The result was announced during market hours today, 9 April 2015.

Meanwhile, the BSE Sensex was up 26.46 points, or 0.09%, to 28,734.21

On BSE, so far 1.46 lakh shares were traded in the counter, compared with an average volume of 30,545 shares in the past one quarter.

The stock hit a high of Rs 483.50 and a low of Rs 468.50 so far during the day. The stock had scaled a record high of Rs 500 on 20 February 2015. The stock hit a 52-week low of Rs 204 on 6 May 2014.

The stock had outperformed the market over the past one month till 8 April 2015, rising 1.18% compared with 2.52% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 16.4% as against Sensex's 5.25% rise.

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

Bajaj Corp is an FMCG company with major brands in hair care category. The company's product portfolio includes Bajaj Kailash Parbat Thanda Tel, Bajaj Almond Drops Hair Oil, Bajaj Brahmi Amla Hair Oil, Bajaj Amla Shikakai Hair Oil and Bajaj Jasmine Hair Oil.

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