Bajaj Electricals declines on reporting 11% fall in Q2 net profit

10 Nov 2016

Bajaj Electricals is currently trading at Rs. 238.50, down by 6.10 points or 2.49% from its previous closing of Rs. 244.60 on the BSE.

The scrip opened at Rs. 249.95 and has touched a high and low of Rs. 250.00 and Rs. 236.70 respectively. So far 79486 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 280.00 on 10-Aug-2016 and a 52 week low of Rs. 155.35 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 263.50 and Rs. 220.35 respectively. The current market cap of the company is Rs. 2413.08 crore.

The promoters holding in the company stood at 63.53%, while institutions and non-institutions held 15.58% and 20.90% respectively.

Bajaj Electricals has reported 10.77% fall in its net profit at Rs 16.66 crore for the quarter under review as compared to Rs 18.67 crore for the same quarter in the previous year. Total income of the company decreased by 10.68% at Rs 1013.43 crore for the quarter under review as compared Rs 1134.56 crore for the corresponding quarter previous year.

Bajaj Electricals, part of the Rs 20,000 crore Bajaj Group, is engaged in business appliances, fans, lighting, luminaries and engineering and projects.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323