Bajaj Hindustan

Bajaj Hindustan to Unite with BHL

Bajaj Hindustan to Unite with BHL

Today, Bajaj Hindustan declared that its board and Bajaj Hindustan Sugar & Industries` board (BHSIL) collectively supported the union of BHSIL with BHL, dependent on all required consents.

The boards of both the firms have suggested a swap ratio of 1 share of BHL for every five shares of BHSIL. The selected date of fusion of BHL with BHSIL is Apr. 1, 2010.

In opposition to the stake of BHL in BHSIL, matching numbers of BHL shares will be detained in a Trust, for the BHL, as Treasury Stock.

Bajaj Hindustan net dips 61 pc to Rs 32 cr

Bajaj Hindustan net dips 61 pc to Rs 32 cr

On Tuesday, Bajaj Hindustan , the country's largest sugar producer reported a 61 % decline in a net profit at Rs 31.8 crore for the second quarter ended March 2010 , the same period of the last fiscal , posting a net profit of Rs 81.4 crore. The company has a sugarcane crushing capacity of 1.36 lakh tones per day , follows October - September period as financial year in line country's sugar season. It may be noted that company's net profit jumped by more than four times to Rs 116.99 crore from Rs 25.45 crore in the corresponding period of the previous fiscal.

Falling prices cause concern with rising costs: Bajaj Hindustan

Falling prices cause concern with rising costs: Baja Hindustan

The country’s largest integrated sugar manufacturer by capacity, higher cane costs and shrunken profits have hit the year on year performance of Bajaj Hindustan. In the last quarter following the poor show with four consecutive quarters of earnings growth. Starting October in the bank of a 20 percentage point’s increase in sugarcane acreage, the country’s largest sugar company may exceed demand at 25 million tone in the 2010 -11 crop year.

Bajaj Hindustan in a race to acquire 37% in Balrampur Chini

India’s largest sugar producer, Bajaj Hindustan - promoted by Shishir Bajaj, is said to be in discussions with Vivek Saraogi-promoted Balrampur Chini Mills to buy 36.67 per cent stake in the firm held by Kolkata-based Saraogis.

However, there is no official word from both sides but industry sources claimed that discussions are going on between both partners. Saraogi said, “Nothing has happened. I am not going to comment on speculation.”

Bajaj Hindustan Announces Results: Nirmal Bang

BAJAJ BAJAJThe company reported Net Sales including operating other income of Rs 515.93 Crs in Q2 FY 09 as against Rs 500.04 Crs in Q2 FY 08 an increase of 3.08% on YoY basis and Rs 362.24 Crs in Q1 FY 09 an increase of 29.79% QoQ basis.

The company reported an EBIDTA of Rs 279.86 Crs in Q2 FY09 as against Rs 392.70 Crs in Q2 FY08 a decline of 40.32% YoY basis and against Rs 353.22 Crs in Q1 FY09 a decline of 26.21% QoQ basis as lower production cost and deprecation cost has increased.

Bajaj Hindustan Intraday Buy Call

As per views of Hitendra Vasudeo of stockmechanics.com, the day traders can buy Bajaj Hindustan, as it is a brilliant option for intraday dealings.

Investors can purchase Bajaj Hindustan stock above Rs 209.50 to achieve a target of Rs 214. If the stock market remains positive, the next target for the day will be above Rs 216.

The stop loss marked for the suggested stock is Rs 203.

Buy Bajaj Hindustan

Stock market analyst Ashwani Gujral has suggested investors to purchase ‘Bajaj Hindustan’ stock to achieve short term target between Rs 307-350.

The stock has performed brilliantly on Monday (18 Feb), and marked its closure at Rs 265. Today, the stock opened at Rs 268 on BSE.

On Bombay Stock Exchange, the stock has touched 52-week high of Rs 399.5 and the low of Rs 115.55. Interested investors can purchase the stock around on declines with a stop loss of Rs 220.

With an EPS of Rs 4.10, the stock is trading with a P/E of 66.53 at 12:16 pm (today).