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Bajaj Hindusthan declines on reporting 88% fall in Q2 net profit

09 May 2012 Evaluate

Bajaj Hindusthan is currently trading at Rs. 27.15, down by 1.15 points or 4.06% from its previous closing of Rs. 28.30 on the BSE.

The scrip opened at Rs. 28.15 and has touched a high and low of Rs. 28.20 and Rs. 27.10 respectively. So far 404529 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 64.06 on 08-Jul-2011 and a 52 week low of Rs. 23.35 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 31.60 and Rs. 27.10 respectively. The current market cap of the company is Rs. 1732.77 crore.

The promoters holding in the company stood at 46.13% while Institutions and Non-Institutions held 26.96% and 26.66% respectively.

India’s largest sugar maker Bajaj Hindusthan has reported 88% decline in its standalone net profit to Rs 8.78 crore for the second quarter ended March 31, 2012. The company had posted a net profit of Rs 72.82 crore in the year-ago period.

The standalone net sales of the company fell by 4% to Rs 1,201.03 crore during the quarter under review from Rs 1,252.49 crore in the same quarter of 2010-11.

Bajaj Hindusthan follows October-September financial year in line with the sugar marketing season. The company has 14 sugar mills with cane crushing capacity of 1.36 lakh tonnes per day.

Bajaj Hindusthan Sug Share Price

19.79 -0.46 (-2.27%)
08-May-2026 16:59 View Price Chart
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