Bajaj Holdings drops after Q4 results

Bajaj Holdings & Investments lost 0.23% to Rs 913 at 14:43 IST on BSE after consolidated net profit rose 5.6% to Rs 664.37 crore on 22.8% growth in total income to Rs 82.55 crore in Q4 March 2013 over Q4 March 2012.

The Q4 result was announced after market hours on Thursday, 16 May 2013.

Meanwhile, the S&P BSE Sensex was down 47.02 points or 0.23% at 20,200.31.

On BSE, 6,763 shares were traded in the counter as against average daily volume of 1,995 shares in the past one quarter.

The stock hit a high of Rs 925 and a low of Rs 903.30 so far during the day. The stock had hit a 52-week low of Rs 730 on 31 July 2012. The stock had hit a 52-week high of Rs 1,058 on 4 January 2013.

The stock had underperformed the market over the past one month till 16 May 2013, gaining 2.81% compared with the Sensex's 8.01% rally. The scrip had also underperformed the market in past one quarter, declining 4.81% as against Sensex's 4% rise.

The large-cap company has equity capital of Rs 111.29 crore. Face value per share is Rs 10.

Bajaj Holdings & Investments' consolidated net profit rose 10.6% to Rs 1856.38 crore on 12.8% growth in total income to Rs 339.46 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

Bajaj Holdings & Investment's board of directors at a meeting held on Thursday, 16 May 2013, recommended dividend of Rs 25 per share for FY 2013.

Bajaj Holdings & Investment is a holding and investment company, focusing on earning income through dividend, interest and gains on investment held. The company holds 31.49% stake in Bajaj Auto, 39.16% in Bajaj Finserv and 24% in Maharashtra Scooters (as per the shareholding pattern as on 31 March 2013).

Powered by Capital Market - Live News