Bajaj Corp gains after strong Q3 results

Bajaj Corp rose 4.43% to Rs 430 at 10:12 IST on BSE after net profit rose 43.78% to Rs 41.84 crore on 29.77% rise in total income from operations to Rs 205.79 crore in Q3 December 2014 over Q3 December 2013.

The result was announced after market hours on Friday, 9 January 2015.

Meanwhile, the BSE Sensex was down 27.81 points, or 0.10%, to 27,430.57.

On BSE, so far 1.03 lakh shares were traded in the counter, compared with an average volume of 2.48 lakh shares in the past one quarter.

The stock hit a high of Rs 437.50 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 423.15 so far during the day. The stock hit a 52-week low of Rs 200 on 14 February 2014.

The stock had outperformed the market over the past one month till 9 January 2015, rising 24.68% compared with 1.22% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 52.98% as against Sensex's 3.08% 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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