Bajaj Electricals was up 1.10% to Rs 455 at 14:53 IST on BSE, off sharply from session's high of Rs 491.05, after the company reported 85.70% jump in net profit to Rs 73 crore in the year ended March 2008 over the year ended March 2007.
The stock jumped 9.09% at the day’s high of Rs 491.05 hit in early trade. The stock hit low of Rs 451.30 so far during the day. The stock has a 52-week high of Rs 740 on
The company’s current equity is Rs 17.28. Face value per share is Rs 10.
The current price of Rs 455 discounts Q3 December 2007 annualized EPS of Rs 43.77, by a PE multiple of 10.39.
Bajaj Electricals' total income rose 27.86% to Rs 1379.50 crore in the year ended March 2008 over the year ended March 2007.
The company recommended a dividend of Rs 8 per share for the year ended March 2008.
Bajaj Electricals is engaged in manufacturing and marketing consumer household and industrial goods. The company operates through four segments viz. lighting, consumer durables, engineering and projects and others.
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