Bajaj Holdings & Investment rose 1.11% to Rs 1,318.35 at 15:25 IT on BSE after consolidated net profit fell 11.11% to Rs 524.98 crore on 11.08% fall in total income to Rs 84.77 crore in Q4 March 2015 over Q4 March 2014.
The announcement was made after market hours yesterday, 21 May 2015.
Meanwhile, the S&P BSE Sensex was up 163.33 points or 0.59% at 27,972.68.
On BSE, so far 1,418 shares were traded in the counter as against average daily volume of 2,669 shares in the past one quarter.
The stock of non banking financial company hit high of Rs 1,335.75 and low of Rs 1,304 so far during the day. The stock had hit a 52-week high of Rs 1,635 on 20 November 2014. The stock had hit a 52-week low of Rs 1,122.10 on 21 May 2014.
Bajaj Holdings & Investment's share of profit after tax on investment in associates fell 6.72% to Rs 482.21 crore in Q4 March 2015 over Q4 March 2014. As on 31 March 2015, the company held strategic stakes of 31.49% in Bajaj Auto (BAL), 39.29% in Bajaj Finserv (BFS) and 24% in Maharashtra Scooters (MSL).
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Bajaj Holdings & Investment [(BHIL) - erstwhile Bajaj Auto] was de-merged as per Order dated 18 December 2007 of the Bombay High Court, whereby its manufacturing undertaking has been transferred to the new Bajaj Auto (BAL) and its strategic business undertaking consisting of wind farm business and financial services business has been vested with Bajaj Finserv (BFS). All the businesses and all properties, assets, investments and liabilities of erstwhile Bajaj auto other than the manufacturing undertaking and the strategic business undertaking, now remain with BHIL.
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