Bajaj Holdings gains after good Q1 outcome

Bajaj Holdings & Investment rose 1.13% to Rs 1,262 at 11:23 IST on BSE after consolidated net profit rose 17.83% to Rs 522 crore on 24.11% increase in total income to Rs 175 crore in Q1 June 2014 over Q1 June 2013.

The result was announced after trading hours on Thursday, 17 July 2014.

Meanwhile, the BSE Sensex was down 12.86 points, or 0.05%, to 25,548.30.

On BSE, so far 1,726 shares were traded in the counter, compared with an average volume of 2,658 shares in the past one quarter.

The stock hit a high of Rs 1,268.35 and a low of Rs 1,248.10 so far during the day. The stock hit a 52-week high of Rs 1,402 on 2 July 2014. The stock hit a 52-week low of Rs 764.65 on 19 July 2013.

The stock had outperformed the market over the past one month till 17 July 2014, rising 3.02% compared with 0.16% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.91% as against Sensex's 12.96% rise.

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

Bajaj Holdings & Investment (BHIL) is essentially an investment company holding as on 30 June 2014, strategic stakes of 31.49% in Bajaj Auto and 39.16% in Bajaj Finserve, the results of which are consolidated with BHIL.

The total market value of the company's investment as on 30 June 2014 was Rs 33566 crore compared with Rs 29737 crore as on 31 March 2014. Net asset value (NAV) of the above investments was Rs 3016 per share as on 30 June 2014.

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