Bajaj Hindusthan inches up on the BSE

Bajaj Hindusthan is currently trading at Rs. 28.10, up by 0.30 points or 1.08% from its previous closing of Rs. 27.80 on the BSE.

The scrip opened at Rs. 28.00 and has touched a high and low of Rs. 28.45 and Rs. 27.55 respectively. So far 129620 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. 28.50 and Rs. 26.15 respectively. The current market cap of the company is Rs. 1787.12 crore.

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

Credit rating agency, CARE has reaffirmed A1+ rating to Bajaj Hindusthan’s commercial paper programme worth Rs 200 crore. The company has received the said rating on the back of its long operational track record and established position in the sugar industry.

Moreover, the operational synergies arising out of fully-integrated manufacturing set-up comprising sugar, distillery and power divisions and multi-location manufacturing facilities in proximity to sugarcane-growing areas of Uttar Pradesh also helps the company to achieve the said rating.

Bajaj Hindusthan, a part of the 'Bajaj Group’, is one the largest sugar manufacturing companies in Asia and also the largest industrial alcohol manufacturers in India. It is engaged in sugar manufacturing, distillery operations and bagasse-based power generation. It has 16 sugar mills with a cane crushing capacity of 1.36 lakh tonne per day.