Bajaj Holdings & Investment gained 1.76% to Rs 2,928 at 12:05 IST on BSE after consolidated net profit rose 19.53% to Rs 834.26 crore on 1.29% drop in total revenue to Rs 268.47 crore in Q2 September 2017 over Q2 September 2016.
The result was announced after trading hours yesterday, 17 October 2017.Meanwhile, the BSE Sensex was down 116.56 points, or 0.36%, to 32,492.87.
On the BSE, 778 shares were traded in the counter so far, compared with average daily volume of 11,215 shares in the past one quarter. The stock had hit a high of Rs 2,938.05 and a low of Rs 2,888.30 so far during the day. The stock had hit a 52-week high of Rs 3,003.40 on 30 August 2017. The stock had hit a 52-week low of Rs 1,745 on 28 December 2016.
The stock had outperformed the market over the past one month till 17 October 2017, gaining 5.23% compared with 1.04% gains in the Sensex. The scrip had also outperformed the market in past one quarter, rising 29.87% as against Sensex's 1.67% rise. The scrip had also outperformed the market in past one year, gaining 37.27% as against Sensex's 18.45% rise.
The large-cap company has equity capital of Rs 111.29 crore. Face value per share is Rs 10.
On standalone basis, Bajaj Holdings & Investment's net profit jumped 268.96% to Rs 732.16 crore on 148.83% increase in total income to Rs 782.80 crore in Q2 September 2017 over Q2 September 2016.
Bajaj Holdings & Investment (BHIL) is essentially a holding company and investment company focusing on earning income through dividends, interest and gains on investments held. As a holding company, BHIL holds strategic stake of 31.54% in Bajaj Auto, 39.29% stake in Bajaj Finserv and 24% stake in Maharashtra Scooters.
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