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Bajaj Auto surges despite reporting marginal fall in Q2 consolidated net profit

17 Oct 2017 Evaluate

Bajaj Auto is currently trading at Rs. 3267.05, up by 46.25 points or 1.40% from its previous closing of Rs. 3221.80 on the BSE.

The scrip opened at Rs. 3230.00 and has touched a high and low of Rs. 3310.20 and Rs. 3221.00 respectively. So far 41691 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3310.20 on 17-Oct-2017 and a 52 week low of Rs. 2510.00 on 15-Nov-2016.

Last one week high and low of the scrip stood at Rs. 3310.20 and Rs. 3107.50 respectively. The current market cap of the company is Rs. 94662.08 crore.

The promoters holding in the company stood at 49.30%, while Institutions and Non-Institutions held 26.04% and 24.66% respectively.

Bajaj Auto has reported a marginal fall of 0.97% in its net profit at Rs 1111.86 crore for the quarter ended September 30, 2017 as compared to Rs 1122.75 crore for the same quarter in the previous year. However, the total income of the company increased marginally by 1.31% at Rs 6862.87 crore for Q2FY18 as compared Rs 6774.34 crore for the corresponding quarter previous year.

On consolidate basis, the company has reported a marginal fall of 0.59% in its net profit at Rs 1193.58 crore for the quarter under review as compared to Rs 1200.72 crore for the corresponding quarter in the FY17. However, total income of the company rose marginally by 1.31% at Rs 6863.61 crore for quarter under review as compared to Rs 6775.03 crore for the same quarter ended previous year.

Peers
Company Name CMP
Bajaj Auto 9816.45
TVS Motor Company 3938.30
Hero MotoCorp 5021.50
Eicher Motors 6993.00
OLA Electric Mobilit 36.18
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