MUMBAI: Shares of hair oil producer Bajaj Corp listed at 780 rupees on the BSE on Wednesday, 18.18 percent higher from its issue price of 660 rupees.

The firm raised 3 billion rupees via the initial public offering of 4.5 million shares, with the issue being covered 19.2 times.

Bajaj Corp, whi..

The Balrampur Chini Mills stock crashed 7% from its closing price on Friday, after reports that the proposed leveraged buyout by India’s biggest sugar producer by capacity, Bajaj Hindusthan, had fallen through.

The transaction, which would have required Rs 1,700 crore for buying Balrampur Chini p..

MUMBAI: Bajaj Hindusthan, the nation’s biggest sugar producer led a rally in the sector’s stocks as investors lapped up the shares in anticipation of higher prices for the commodity due to lower supplies and a government rule that may free the companies from states’ clutches in terms of prices paid ..

MUMBAI: Nirmal Bang has advised traders to buy Bajaj Hindustan with stoploss of Rs 215.

“Buy and hold Bajaj Hindustan with stoploss of Rs 215. If the stock maintains above Rs 222 on huge volumes then expect a target of Rs 233 or 245,” the report said.

Bajaj Hindusthan touched an intraday high of Rs 241.80 and an intraday low of Rs 226.55 At 12:59 pm, the share was quoting at Rs 226.90, down Rs 9.15, or 3.88%.

It was trading with volumes of 1,897,133 shares. Yesterday the share closed up 8.25% or Rs 18 at Rs 236.05.