Bajaj Electricals gains on turning black in Q1
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Bajaj Electricals is currently trading at Rs. 1148.00, up by 1.95 points or 0.17% from its previous closing of Rs. 1146.05 on the BSE.
The scrip opened at Rs. 1146.05 and has touched a high and low of Rs. 1161.00 and Rs. 1137.20 respectively. So far 6012 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1588.55 on 17-Sep-2021 and a 52 week low of Rs. 857.55 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1185.20 and Rs. 1118.55 respectively. The current market cap of the company is Rs. 13195.39 crore.
The promoters holding in the company stood at 62.96%, while Institutions and Non-Institutions held 22.92% and 14.12% respectively.
Bajaj Electricals has reported net profit of Rs 50.60 crore for the quarter ended June 30, 2022 as compared to net loss of Rs 6.43 crore for the same quarter in the previous year. Total income of the company increased by 44.15% at Rs 1,248.43 crore for Q1FY23 as compared Rs 866.06 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit of Rs 41.19 crore for the quarter ended June 30, 2022 as compared to net loss of Rs 24.97 crore for the same quarter in the previous year. Total income of the company increased by 42.99% at Rs 1,237.41 crore for Q1FY23 as compared Rs 865.37 crore for the corresponding quarter previous year.
