The result was announced after market hours on Wednesday, 23 November 2011.

Meanwhile, the BSE Sensex was down 56.58 points, or 0.36%, to 15,643.39.

On BSE, 9.64 lakh shares were traded in the counter as against an average daily volume of 6.16 lakh shares in the past one quarter.

The stock hit a low of Rs 26.50 so far during the day, which is also a 52-week low for the counter. The stock hit a high of Rs 28.25 so far during the day. The stock had hit a 52-week high of Rs 104.64 on 5 January 2011.

The stock had underperformed the market over the past one month until 23 November 2011, sliding 25.24% compared with the Sensex's 6.47% decline. The scrip had also underperformed the market in past one quarter, sliding 40.15% as against 4.84% slide in the Sensex.

The mid-cap sugar manufacturer has an equity capital of Rs 63.94 crore. Face value per share is Re 1.

The board of Bajaj Hindusthan has recommended a dividend of Rs 0.40 per equity share.

Bajaj Hindusthan, a part of the Bajaj Group, makes sugar and ethanol. The company has fourteen sugar plants, which are all located in the northern Indian state of Uttar Pradesh (UP). These plants have aggregate sugarcane crushing capacity of 136,000 tcd (tonnes crushed per day) and a distillery capacity to produce 800,000 liters of alcohol per day.