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Bajaj Holdings drops after Q4 results

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Capital Market
Last Updated : May 17 2013 | 4:00 PM IST

The Q4 result was announced after market hours on Thursday, 16 May 2013.

Meanwhile, the S&P BSE Sensex was down 47.02 points or 0.23% at 20,200.31.

On BSE, 6,763 shares were traded in the counter as against average daily volume of 1,995 shares in the past one quarter.

The stock hit a high of Rs 925 and a low of Rs 903.30 so far during the day. The stock had hit a 52-week low of Rs 730 on 31 July 2012. The stock had hit a 52-week high of Rs 1,058 on 4 January 2013.

The stock had underperformed the market over the past one month till 16 May 2013, gaining 2.81% compared with the Sensex's 8.01% rally. The scrip had also underperformed the market in past one quarter, declining 4.81% as against Sensex's 4% rise.

The large-cap company has equity capital of Rs 111.29 crore. Face value per share is Rs 10.

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Bajaj Holdings & Investments' consolidated net profit rose 10.6% to Rs 1856.38 crore on 12.8% growth in total income to Rs 339.46 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

Bajaj Holdings & Investment's board of directors at a meeting held on Thursday, 16 May 2013, recommended dividend of Rs 25 per share for FY 2013.

Bajaj Holdings & Investment is a holding and investment company, focusing on earning income through dividend, interest and gains on investment held. The company holds 31.49% stake in Bajaj Auto, 39.16% in Bajaj Finserv and 24% in Maharashtra Scooters (as per the shareholding pattern as on 31 March 2013).

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First Published: May 17 2013 | 2:41 PM IST

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