Bajaj Holdings gains after good Q1 results

Bajaj Holdings & Investment rose 2.37% to Rs 793.50 at 10:18 IST after consolidated net profit surged 27% to Rs 443 crore on 93.15% growth in net sales plus other income to Rs 141 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced at the fag end of trading hours on Friday, 19 July 2013. The stock had fallen 0.24% to settle at Rs 775.15 on that day.

Meanwhile, the S&P BSE Sensex was up 46.57 points or 0.23% at 20,196.42.

On BSE, 627 shares were traded in the counter as against average daily volume of 5,298 shares in the past one quarter.

The stock hit a high of Rs 795 and a low of Rs 785 so far during the day. The stock had hit a 52-week high of Rs 1,058 on 4 January 2013. The stock had hit a 52-week low of Rs 730 on 31 July 2012.

The stock had underperformed the market over the past one month till 19 July 2013, sliding 2.06% compared with the Sensex's 4.7% rise. The scrip had also underperformed the market in past one quarter, declining 13.81% as against Sensex's 5.96% rise.

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

Bajaj Holdings & Investment's (BHIL) consolidated income from associates after tax rose 12.16% to Rs 332 crore in Q1 June 2013 over Q1 June 2012.

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 30 June 2013).

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