India's Bajaj Consumer Care down on Q2 profit drop

Bajaj Consumer Care

09/11/2022 09:14

** Bajaj Consumer Care's shares  BACO.NS  down as much as
4.5% to 157 rupees in biggest intraday pct loss since Aug. 22
    ** The personal care products maker, on Wedns, reported a
32% fall in Q2 profit, while rev from operations rose 7.5%
 urn:newsml:reuters.com:*:nFWN3250FG
    ** Stock hits its lowest level since Nov. 4
    ** More than 777,500 shares traded as vs the 30-day moving
avg of 264,154
    ** 5 out of 9 covering brokerages rate BACO "strong buy",
while 2 rate it "hold" and 1 each rate it "sell" and "strong
sell"; their median PT is 205 rupees - Refinitiv data
    ** BACO last down ~4%, taking its YTD losses to ~20.5%
 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))