Bajaj Holdings & Investment fell 4.57% to Rs 1,190 at 10:54 IST on BSE on profit booking after the stock jumped 21.95% in the preceding seven trading sessions to Rs 1,247 on 26 May 2014, from a recent low of Rs 1,022.55 on 15 May 2014.
Meanwhile, the BSE Sensex was down 240.84 points, or 0.97%, to 24,476.04.
On BSE, so far 1,924 shares were traded in the counter, compared with an average volume of 8,716 shares in the past one quarter.
The stock hit a high of Rs 1,230 and a low of Rs 1,186.20 so far during the day. The stock hit a 52-week high of Rs 1,280 on 26 May 2014. The stock hit a 52-week low of Rs 743.75 on 8 July 2013.
The stock had outperformed the market over the past one month till 26 May 2014, rising 15.85% compared with 8.94% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.22% as against Sensex's 17.77% rise.
The large-cap company has an equity capital of Rs 111.29 crore. Face value per share is Rs 10.
On a consolidated basis, Bajaj Holdings & Investment's net profit fell 11.1% to Rs 590.66 crore on 15.5% rise in total income to Rs 95.34 crore in Q4 March 2014 over Q4 March 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 strategic stakes of 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 2014).
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