Market Movers: Rally in banks continue as pharma stocks join party
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As many as 182 stocks listed on the National Stock Exchange hit their 52-week highs today. The list includes prominent names like Power Grid Corporation, TVS Motor Company, Cipla, Sun Pharma, Tata Motors and Mahindra & Mahindra.
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Nifty50 ended 142.1 points, or 1 per cent, higher at 14,789.95, while Sensex closed at 50,255.75 points, up 458 points or 0.9 per cent.
MUMBAI: Benchmark equity indices extended their post-Budget rally for the third consecutive session as risk appetite among investors remained strong amid optimism for strong domestic and global economic recovery from the COVID-19 shock.
The company had posted a profit of Rs 48.74 crore in the October-December quarter a year ago. The company s total income during the quarter increased by 16.25 per cent to Rs 257.61 crore as against Rs 221.60 crore in the corresponding quarter a year ago, Bajaj Consumer Care said in a BSE filing. In a separate filing, Bajaj Consumer Care said its board has recommended an interim dividend of Rs 6 per equity share for the year 2020-21. Shares of the company were trading 11.30 per cent higher at Rs 237.40 apiece on the BSE.
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Bajaj Consumer Care Q3 profit rises 17.5% to Rs 57 crore; stock zooms 20%
Bajaj Consumer Care Q3 results: The total income rose by 16.25 per cent to Rs 257.61 crore as against Rs 221.60 crore in the corresponding quarter a year ago
BusinessToday.In | February 3, 2021 | Updated 16:20 IST
Bajaj Consumer Care shares ended 20% higher on BSE
Homegrown consumer goods company Bajaj Consumer Care has reported a 17.54 per cent year-on-year rise in consolidated net profit at Rs 57.29 crore for the third quarter ended December 2020. Following Q3 results, shares of Bajaj Consumer Care jumped 20 per cent to close at 52-week high of Rs 255.95 apiece on the BSE.
The Bajaj Group firm had posted consolidated profit of Rs 48.74 crore in the same period last year, the company said in a regulatory filing on Wednesday.
Bajaj Consumer Care jumped 10.08% to Rs 234.80 after the company s net profit rose by 17.54% to Rs 57.29 crore on a 18.08% increase in net sales to Rs 243.91 crore in Q3 FY21 over Q3 FY20.
Profit before tax in Q3 December 2020 stood at Rs 69.59 crore, up by 17.32% from Rs 59.32 crore in Q3 December 2019. Current tax outgo increased by 16.25% to Rs 12.33 crore in the third quarter as compared to same period last year.
Bajaj Consumer Care has presence in the hair oil category with brands like Bajaj Almond Drops Hair oil, Bajaj Brahmi Amla Hair Oil, Bajaj Amla Hair oil and Bajaj Jasmine Hair oil. The company ventured into the skin care category with the acquisition of Nomarks brand.
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BENGALURU (Reuters) - Indian shares ended at record closing highs on Wednesday, extending a post-budget rally on gains in financial stocks after a survey showed that the country s dominant services sector picked up in January.
The NSE Nifty 50 index rose 0.97% to 14,789.95, while the benchmark S&P BSE Sensex was up 0.92% at 50,255.75. Both the indexes touched record intra-day highs earlier in the session after rising as much as 1.5% and 1.46% respectively.
The Nikkei/IHS Markit Services Purchasing Managers Index rose to 52.8 in January from 52.3 in December, staying above the 50-level mark separating growth from contraction for the fourth straight month.