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Bajaj Corp shares tank over 6% after Q4 results

Press Trust of India  |  New Delhi 

of FMCG firm Bajaj Corp Ltd today slumped over 6 per cent after the company's fourth quarter earnings failed to meet investor expectations.

The scrip plunged 6.27 per cent to end at Rs 401.95 on During the day, it tanked 7.42 per cent to Rs 397.

The stock dropped 6.37 per cent to close at Rs 401.80 on

Bajaj Corp Ltd on Thursday reported a decline of 2.93 per cent in standalone net profit at Rs 52.66 crore for the fourth quarter ended March.

It had posted a standalone net profit of Rs 54.25 crore in the January-March quarter of 2015-16, Bajaj Corp Ltd had said in a filing.

Its total during the period under review was down by 2.03 per cent at Rs 204.54 crore as against Rs 208.78 crore in the corresponding quarter a year-ago.

Stocks markets were closed on Friday for Ambedkar Jayanti and Good Friday.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 17 2017. 17:13 IST