Bajaj Corp slips on profit booking after strong Q2 earnings

Bajaj Corp lost 4.44% to Rs 443.10 at 15:19 IST on BSE, on profit booking after net profit rose 24.95% to Rs 46.77 crore on 10.73% growth in total income from operations to Rs 208.18 crore in Q2 September 2015 over Q2 September 2014.

The company announced the Q2 result during market hours today, 7 October 2015.

Meanwhile, the S&P BSE Sensex was up 94.98 points or 0.35% at 27,027.86.

On BSE, so far 77,000 shares were traded in the counter as against average daily volume of 17,885 shares in the past one quarter.

The stock hit a high of Rs 463 and a low of Rs 441.90 so far during the day. The stock had hit a record high of Rs 522 on 28 August 2015. The stock had hit a 52-week low of Rs 260 on 10 November 2014.

The stock had underperformed the market over the past one month till 6 October 2015, declining 1.56% compared with Sensex's 6.87% rise. The scrip had, however, outperformed the market in past one quarter, gaining 1.53% as against Sensex's 4.52% fall.

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

Shares of Bajaj Corp had risen 5.27% in the preceding four trading sessions to settle at Rs 463.70 yesterday, 6 October 2015, from a recent low of Rs 440.45 on 29 September 2015.

Bajaj Corp is an FMCG company with major brands in hair care category.

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