India's Bajaj Consumer rises most in over a year on Q4 profit jump

Bajaj Consumer Care

04/05/2023 05:18

** Shares of Bajaj Consumer Care  BACO.NS  rise as much as
10.4% to 181.8 rupees
    ** Stock posts biggest intraday pct gain since March 31,
2022
    ** Co reported on Wednesday its Q4 consol profit rose ~13%
to 404.6 mln rupees ($4.95 million)
    ** BACO's consol rev from ops rose to 2.49 bln rupees from
2.18 bln rupees Y/Y
    ** Additionally, the board also recommended final dividend
of 5 rupees per share
    ** More than 1.9 mln shares change hands by 09:41 a.m. IST
vs 8.8x 30-day avg of 213,700 shares
    ** Four of the 9 analysts covering the stock have a "buy" or
"strong buy" rating, 2 have "hold" while 3 rate it at "sell" or
"strong sell"; median PT is 165 rupees - Refinitiv data
    ** Stock down ~1% YTD up to last close



($1 = 81.6700 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))