| NOVASTAR |
|
BOARD | |
PORTFOLIO | |
News | |
CONTACT |
 |
|
Strong Q1 results electrifies Bajaj ElectricalsJuly 28, 2010 | Capital MarketBajaj Electricals rose 2.22% to Rs 259.90 at 12:28 IST after net profit rose 37.53% to Rs 22.50 crore ($4.8M) on 35.18% increase in net sales to Rs 483.69 crore ($104 M) in Q1 June 2010 over Q1 June 2009. Meanwhile, the BSE Sensex was up 22.61 points, or 0.10%, to
18,096.48. On BSE, 26,000 shares were traded in the counter as against an
average daily volume of 58,767 shares in the past one quarter. The stock hit a high of Rs 263.80 and a low of Rs 255 so far
during the day. The stock had hit a record high of Rs 264.70 on 23 July 2010
and a 52-week low of Rs 88 on 27 July 2009. The stock had outperformed the market over the past one month
till 27 July 2010, soaring 15.33% compared with the Sensex's 2.86% rise. It
outperformed the market in past one quarter, gaining 9.21% as against 2.19%
rise in the Sensex. The mid-cap household electrical appliances maker has an equity
capital of Rs 19.51 crore. Face value per share is Rs 2. |
||
| Copyright Novastar |