India's Bajaj Consumer Care slides after Q4 profit fall

Bajaj Consumer Care

09/05/2024 06:43

** Shares of India's Bajaj Consumer Care  BACO.NS  drop as
much as 9% to post steepest intraday pct tumble since Feb. 2021
    ** BACO stock currently down 8.9% 
    ** Co, which sells 'Bajaj Almond Drops' hair oil, reported
12% Q4 consol profit fall, while sale of goods skid ~5% 
    ** BACO set to snap eight-session-long win run, if trends
hold 
    ** Co rated "strong buy" on avg vs "buy" on peer 'Parachute'
hair oil maker Marico  MRCO.NS  - LSEG data
    ** Day's drop trims YTD gains to ~8% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))