CapitalMarket.com - Bajaj Hindusthan drops after poor Q2 earnings
Hot Pursuit Tuesday, May 08, 2012 13:51 Hrs IST

Print this page


Bajaj Hindusthan drops after poor Q2 earnings

Bajaj Hindusthan fell 1.71% to Rs 28.70 at 13:49 IST on BSE after net profit fell 87.94% to Rs 8.78 crore on 4.1% decline in net sales to Rs 1201.03 crore in Q2 March 2012 over Q2 March 2011.

The company announced the results during trading hours today, 8 May 2012.

Meanwhile, the BSE Sensex was down 164.06 points or 0.97% to 16,748.65.

On BSE, 4.65 lakh shares were traded in the counter as against average daily volume of 7.20 lakh shares in the past one quarter.

The stock hit a high of Rs 29.50 and a low of Rs 28.40 so far during the day. The stock had hit a 52-week low of Rs 23.35 on 20 December 2011. The stock had hit a 52-week high of Rs 64.06 on 8 July 2011.

The stock had underperformed the market over the past one month till 7 May 2012, falling 7.89% compared with the Sensex's 3.28% fall. The scrip had also underperformed the market in the past one quarter, declining 16.93% as against the Sensex's 4.03% fall.

The company has an equity capital of Rs 63.94 crore. Face value per share is Re 1.

Bajaj Hindusthan is engaged in the manufacturing of sugar and ethanol.

Previous Stories
More 4
Other Stories
4  Asian Paints gains in volatile trade after declaring result (22-Oct 15:34 Hrs IST)
4  L&T Finance Holdings advances after declaring good Q2 result (22-Oct 15:08 Hrs IST)
4  HDFC inches up in volatile trade after declaring Q2 result (22-Oct 14:08 Hrs IST)
4  Volumes jump at Container Corporation of India counter (22-Oct 13:57 Hrs IST)
4  Auto stocks gain on hopes of strong festive sales (22-Oct 13:52 Hrs IST)
4  Kotak Mahindra Bank surges after Q2 results (22-Oct 13:21 Hrs IST)
4  Coromandel International gains after bulk deal (22-Oct 12:57 Hrs IST)
4  GNFC drops on reverse turnaround in Q2 (22-Oct 12:24 Hrs IST)
4  Kotak Mahindra Bank jumps on robust Q2 results (22-Oct 12:20 Hrs IST)
4  KPIT Technologies jumps on stellar Q2 results (22-Oct 12:02 Hrs IST)
Next4