Bajaj Hindusthan Sugar Q4 net profit rises 26.65 percent to Rs 130.91

The net profit for the sugar and ethanol company rose to Rs130.91 from Rs 59.72 in the same period a year ago. The company had a net sales of Rs. 2,053. In the quarter-earliers, 87 crore rose 26.65 per cent from Rs 1,621 in March 2023. In Q4 and Q22, total Rs. 67 crore has been Rs. 500, Rs. 1000 and Rs. 1000 notes. The company's expenses were reduced to 1,931. In Q4 FY23, Rs.75 crore was down 22.31 percent from Rs 1,579 yesterday. In the corresponding quarter last year, the company posted a revenue of 41 Crores in the same period last year.

BSE has changed hands with around 67.31 lakh shares today, more than five times the two-week average volume of 125.6 lakh shares. The turnover on the counter was Rs 9.88 crore, and the market capitalisation m-cap was Rs 1,917. 32 billion rupees notes have been issued so far. There were 16,87, 993 sell orders against buy orders of 8,57, 369 shares.

At today's high price of Rs 1525, the stock traded 24.36 percent lower from its 52-week high of Rs 20.16, a level seen on December 20 last year. The scrip has surged 82.20 percent from its one-year low of 8.37, hit on August 17, 2022.

Bajaj Hindusthan Sugar's stock was last seen trading higher than the 5 - day, 20 - 50 - 100 - and 200 - day moving averages. The RSI's 14-day relative strength index RSI was at 48.87. A level below 30 is considered oversold, while a value above 70 is considered overbought. The company's stock has a negative P-E ratio of 10.48 and its price-to-earning ratio is negative. The scrip has an average volatility of 0.96, indicating average volatility.

The firm, based in Mumbai, is part of the Bajaj Group. The company has fourteen sugar plants, all located in Uttar Pradesh. The company generates close to 430 MW of energy from the bagasse produced at its sugar mills and supplies nearly 100 MW from it to the UP-State Grid. It also has five 90 MW coal-fired power plants located near its sugar units which generate another 450 MW of electricity for the state grid.

Indian equity benchmarks also extended their gains in today's deals despite positive global trends. Today's stock market surged, driven by gains in banks, financial and consumer stocks.

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