Bajaj Electricals, a consumer electrical
equipments manufacturing company based in Mumbai, plunged on Friday
after it reported lower than expected quarterly results. The
company reported a rise of 7.76% in net profit to Rs 269.3 million
for the quarter ended Sept 30, 2012 as compared to Rs 249.9 million
in the same period last year.
Total income has increased by 4.68% to
Rs 7.34 billion for the quarter ended Sept 30, 2012 from Rs 7.01
billion in the year ago period.Shares ofthe companyare trading at
Rs 200, down Rs 14.7, or 6.85% at the Bombay Stock Exchange (BSE)
on Friday at 11:05 a.m.The scrip has touched an intra-day high of
Rs 213 and low of Rs 197.15. The total volume of shares traded at
the BSE is 34,511.In the earlier session, the shares fell 4.73%, or
Rs 10.65, at Rs 214.70. Currently, the stock is trading down 14.53%
from its 52-week high of Rs 234 and above 50.55% over the 52-week
low of Rs 132.85.
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