Bajaj Hindustan Robust Q2 numbers

Bajaj Hindustan gained 1.05% to Rs 235.25 at 14:11 IST on BSE after posting 1075.68% surge in net profit to Rs 43.03 crore in Q2 March 2008 over Q2 March 2007.

The stock hit a high of Rs 245.70 and a low of Rs 233.40 so far during the day. The stock had a 52-week high of Rs 399.50 on 9 January 2008 and a 52-week low of Rs 115.55 on 22 August 2007.

The company’s current equity is Rs 14.14 crore. Face value per share is Rs 1.

The current price of Rs 235.25 discounts its Q1 December 2007 EPS of Rs 8.39, by a PE multiple of 28.04.

Bajaj Hindustan’s total income fell 5.25% to Rs 500.04 crore in Q2 March 2008 over Q2 March 2007.

Bajaj Hindusthan (BHL), a part of the 'Bajaj Group', is India's number one sugar and ethanol manufacturing company, headquartered at Mumbai (Maharashtra), India. The company has ten sugar plants, which are all located in the northern Indian state of Uttar Pradesh (UP).