Bajaj Corp trades higher on the BSE

22 Jul 2013 Evaluate

Bajaj Corp is currently trading at Rs. 246.25, up by 1.90 points or 0.78% from its previous closing of Rs. 244.35 on the BSE.

The scrip opened at Rs. 235.55 and has touched a high and low of Rs. 246.50 and Rs. 232.20 respectively. So far 168383 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 284.00 on 13-May-2013 and a 52 week low of Rs. 128.00 on 02-Aug-2012.

Last one week high and low of the scrip stood at Rs. 264.50 and Rs. 218.25 respectively. The current market cap of the company is Rs. 3584.25 crore.

The promoters holding in the company stood at 84.75% while Institutions and Non-Institutions held 10.10% and 5.15% respectively.

Bajaj Corp’s promoters have put on block 1.44 crore shares, or 9.75% equity stake, via offer-for-sale (OFS), to bring down their ownership to around 75% to meet public shareholding rules. The company has set the OFS price at Rs 200/ per shares, which is at a discount of 18.16% from its previous close of Rs 244.40 (Closing price as on July 18 on BSE). The Sale shall take place on the separate window of Stock Exchanges and commences on July 19, 2013.

The company reported a rise of 44.39% in its net profit at Rs 49.15 crore in Q4FY13 as compared to net profit of Rs 34.04 crore in the same quarter previous year. The total income of the company rose by 25.27% to Rs 184.18 crore as compared to Rs 147.03 crore in corresponding quarter last year. For the full year, the company has reported a net profit of Rs 167.38 crore for the year ended March 31, 2013, a jump of 39.39% as compared to Rs 120.08 crore for the year ended March 31, 2012. Total income has increased to Rs 606.71 crore in FY13 from Rs 473.31 crore in FY12, up by 28.18%.

Bajaj Corp Share Price

262.80 0.60 (0.23%)
14-Jun-2024 16:01 View Price Chart
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