Bajaj Consumer Care Ltd up by 20% - Traders Corners | Espresso

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Espresso shot of the day – Bajaj Consumer Care Ltd up by 20 percent

February 03, 2021
Espresso shot of the day – Bajaj Consumer Care Ltd up by 20 percent

BAJAJ CONSUMER CARE LTD 255.95 (+20.00%)  BSE –INE933K01021 | 3rd FEB 2021

Binge Chart

Bajaj Consumer Care Ltd. is a part of the Bajaj Group of Companies, and one of India’s well-established company in the beauty care category. Their flagship brand, Bajaj Almond Drops Hair Oil, is a leading name in the hair oil market. The Company also owns the Nomarks Brand in India.

Recent Drivers

  • Net Sales at Rs 248.39 crores in December Quarter 2020 up 16.84% from Rs 212.58 crores in December Quarter 2019.
  • Net Profit at Rs 57.30 crores in December Quarter 2020 up 17.54% from Rs 48.74 crores in December Quarter 2019.
  • The Company has recommended an Interim Dividend Rs 6/- per equity share and fixed record date as 13 February, 2021
  • Bajaj Consumer Care Ltd. reported a 1.60% increase in its consolidated profit to Rs 56.92 crores for the September Quarter 2020
  • In September 2020, Bajaj Consumer Care Ltd. has launched Bajaj Almond Drops non-sticky hair oil.
  • Indian FMCG company, Bajaj Consumer Care Ltd. has entered the hand sanitiser market with a brand new product, the Bajaj Nomarks Hand Sanitiser. 
  • Bajaj Consumer Care Ltd. has partnered with Indiamart to strengthen its digital presence amid the Covid-19 pandemic.
(Sources: Moneycontrol, BSE, Business Standard )

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 7.68%
  • Touched upper circuit today 255.95
  • Spurt in volume by more than 31.50 times compares to previous volume. 2 week average quantity (Lk)-0.24
  • Stock price has jumped more than 100% in one year low level – 117.50, 25 March, 2020
  • Daily RSI (14) is in overbought territory today, RSI Crossed above central today
  • 52- week high – 255.95 | 52- week low – 117.50

Key Pivot  (Yearly)

R4

R3

R2

R1

PP/FIB PP

S1

S2

S3

S4

Pivot Point

-

399.18

323.52

268.83

193.17

138.48

62.82

8.13

-

Fibonacci Pivot

323.52

273.72

242.96

223.15

193.17

163.19

143.37

112.61

62.82


Today’s Close

255.95

SMA

BSE

10 DAY

220.07

20 DAY

220.92

50 DAY

212.85

200 DAY

177.39


Some Key Ratios (Source: BSE)

Market Cap: 3,776.29 crores

PE: 19.45

OPM%: 29.13

ROE%: 25.63

Prev. Close: 213.30


* Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.