The stock pared some of its gains to touch a low of Rs 530. The stock finally ended at Rs 538, up 2.5% from the previous close. The counter clocked volumes of 191,523 shares as compared to the two-week daily average traded volumes of 39,024 shares on the BSE.
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(Updated at 1042hrs)
Bajaj Holdings & Investments has surged in morning trades on the back of a strong performance in Q2.
The stock opened at Rs 535 and surged 5.5% to a high of Rs 554. The stock is now trading with a gain of 5% at Rs 551. Comparatively hefty trades of 67,619 shares have been witnessed at the counter so far.
According to a release issued by the company to the BSE, the consolidated profit of the company jumped 208% to Rs 326 crore in Q2 in 2010 from Rs 106 crore in the same quarter the previous year. The standalone income increased 93% to Rs 308 crore from Rs 160 crore.
