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Bajaj Corp slips on reporting 13% fall in Q2 net profit

  • Oct-13-2017
  • 11:52:00 Hrs IST

Bajaj Corp is currently trading at Rs. 410.75, down by 3.10 points or 0.75% from its previous closing of Rs. 413.85 on the BSE.

The scrip opened at Rs. 411.00 and has touched a high and low of Rs. 418.00 and Rs. 408.75 respectively. So far 5,680 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 450.00 on 21-Jul-2017 and a 52 week low of Rs. 340.00 on 12-Dec-2016.

Last one week high and low of the scrip stood at Rs. 419.00 and Rs. 398.40 respectively. The current market cap of the company is Rs. 6,058.00 crore.

The promoters holding in the company stood at 66.86%, while Institutions and Non-Institutions held 29.11% and 4.02% respectively.

The company has reported a fall of 13.01% in its net profit at Rs 50.71 crore for second quarter ended September 30, 2017 as compared to net profit of Rs 58.30 crore for the same quarter in the previous year. However, total income of the company increased marginally by 0.18% at Rs 212.08 crore for Q2FY18 as compared Rs 211.70 crore for the corresponding quarter previous year.

Bajaj Corp is one of India’s leading producers of hair oils. The company is a part of the Shishir Bajaj Group companies (the Bajaj Group). The company markets its hair oil under the brand names Brahmi Amla, Amla Shikakai and Jasmine hair oil.