Strong Q1 earnings trigger upmove in Bajaj Electricals

Bajaj Electricals rose 4.96% to Rs 274.15 at 12:27 IST on BSE after net profit rose 261.27% to Rs 20.34 crore on 13.97% growth in total income to Rs 1014.21 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced during market hours today, 6 August 2015.

Meanwhile, the S&P BSE Sensex was down 17.71 points or 0.06% at 28,205.37.

On BSE, so far 3.98 lakh shares were traded in the counter as against average daily volume of 70,465 shares in the past one quarter.

The stock hit a high of Rs 279.80 and a low of Rs 264.90 so far during the day. The stock had hit a 52-week high of Rs 309.95 on 19 June 2015. The stock had hit a 52-week low of Rs 191 on 1 December 2014.

The stock had underperformed the market over the past one month till 5 August 2015, sliding 5.38% compared with Sensex's 0.46% rise. The scrip had, however, outperformed the market in past one quarter, jumping 11.2% as against Sensex's 2.85% rise.

The small-cap company has equity capital of Rs 20.16 crore. Face value per share is Rs 2.

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

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