Bajaj Auto rises 1.5% ahead of quarterly earnings

Bookmark and Share
Bajaj Auto , the second largest two-wheeler producer in India, gained more than 1.5 percent in early trade on Wednesday ahead of its earnings for the third quarter of current financial year 2012-13.

Analysts on an average expect the company to report a net profit of Rs 842.7 crore, up 6 percent year-on-year, while revenue is seen up 8 percent at Rs 5,449.1 crore, according to a CNBC-Awaaz poll. It must be noted that Bajaj Auto had an exceptional loss of Rs 59 crore due to valuation losses on derivative hedging instruments in the year ago quarter.

At 10:09 hours IST, the stock rose 1.45 percent to Rs 2,145.95 on Bombay Stock Exchange.

In the previous trading session too, shares went up 1.07 percent to close at Rs 2,115.25.

Also Read
Here's what to expect from Bajaj Auto Q3 earnings
Infosys, TCS beat the blues: Will this euphoria hold?
Had one-off provision hit of Rs 8 crore in Q3: Bajaj Finance



{ 0 komentar... Views All / Send Comment! }

Posting Komentar