Bajaj Electricals rose 1.65% to Rs 255 at 12:57 IST on BSE after a bulk deal of 2 lakh shares was executed on the scrip at Rs 255.50 per share at 10:50 IST on BSE.
Meanwhile, the S&P BSE Sensex was up 20.61 points or 0.07% at 28,080.55
Bulk deal boosted volume on the scrip. On BSE, so far 2.50 lakh shares were traded in the counter as against average daily volume of 52,618 shares in the past one quarter. The stock hit a high of Rs 262.95 and a low of Rs 251 so far during the day. The stock had hit a 52-week high of Rs 280 on 10 August 2016. The stock had hit a 52-week low of Rs 155.35 on 29 February 2016. The stock had outperformed the market over the past 30 days till 24 August 2016, rising 5.87% compared with Sensex's 0.3% rise. The scrip, however, underperformed the market in past one quarter, gaining 2.01% as against Sensex's 6.42% rise.
The small-cap company has equity capital of Rs 20.22 crore. Face value per share is Rs 2.
Bajaj Electricals' net profit rose 11.94% to Rs 22.87 crore on 4.63% fall in total income to Rs 961.56 crore in Q1 June 2016 over Q1 June 2015.
Bajaj Electricals is an electric products maker and is a part of Bajaj Group.
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