Bajaj Consumer Care's shines despite promoter selling 7% stake

13 Mar 2019 Evaluate

Bajaj Consumer Care is currently trading at Rs. 327.15, up by 10.50 points or 3.32% from its previous closing of Rs. 316.65 on the BSE.

The scrip opened at Rs. 313.70 and has touched a high and low of Rs. 334.30 and Rs. 308.00 respectively. So far 1411878 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 509.80 on 25-Apr-2018 and a 52 week low of Rs. 308.00 on 12-Mar-2019.

Last one week high and low of the scrip stood at Rs. 367.00 and Rs. 308.00 respectively. The current market cap of the company is Rs. 4824.73 crore.

The promoters holding in the company stood at 66.86%, while Institutions and Non-Institutions held 29.02% and 4.11% respectively.

Bajaj Consumer Care’s (formerly Bajaj Corp) promoter Bajaj Resources has sold nearly7 per cent of its holding via open market. Bajaj Resources offloaded 10.1million shares, representing 6.85 per cent stake, in Bajaj Consumer Care for Rs320 crore. The promoter sold shares at the price of Rs 316.42 per share in bulkdeal on BSE.

Bajaj Consumer Care is one of India’s leading producers of hair oils. The company isa part of the Shishir Bajaj Group companies (the Bajaj Group). The companymarkets its hair oil under the brand names Brahmi Amla, Amla Shikakai andJasmine hair oil.

Bajaj Corp Share Price

212.10 -3.45 (-1.60%)
28-Mar-2024 16:01 View Price Chart
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