Bajaj Electricals declines on dismal Q2 numbers

Bajaj Electricals declined 1.27% to Rs 273.10 at 14:15 IST on BSE after the company reported a net loss of Rs 14.21 crore in Q2 September 2014 compared with net loss of Rs 15.35 crore in Q2 September 2013.

The company announced Q2 results during market hours today, 13 November 2014.

Meanwhile, the S&P BSE Sensex was down 30.16 points or 0.11% at 27,978.74.

On BSE, so far 1.85 lakh shares were traded in the counter as against average daily volume of 96,584 shares in the past one quarter.

The stock hit a high of Rs 289.45 and a low of Rs 271.65 so far during the day. The stock had hit a 52-week high of Rs 384.80 on 28 May 2014. The stock had hit a 52-week low of Rs 156 on 13 November 2013.

The stock had underperformed the market over the past one month till 12 November 2014, falling 0.22% compared with the Sensex's 6.51% rise. The scrip had also underperformed the market in past one quarter, gaining 1.69% as against Sensex's 8.22% rise.

The mid-cap firm has an equity capital of Rs 20.14 crore. Face value per share is Rs 2.

Bajaj Electricals' total income rose 9.3% to Rs 1032.36 crore in Q2 September 2014 over Q2 September 2013.

Bajaj Electricals is a electric products maker and is a part of Bajaj Group.

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