Bajaj Hindusthan is currently trading at Rs. 30.65, down by 0.10 points or 0.33% from its previous closing of Rs. 30.55 on the BSE.
The scrip opened at Rs. 31.50 and has touched a high and low of Rs. 31.50 and Rs. 30.10 respectively. So far 789232 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 83.61 on 25-Jan-2011 and a 52 week low of Rs. 23.35 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 31.50 and Rs. 28.40 respectively. The current market cap of the company is Rs. 1927.79 crore.
The promoters holding in the company stood at 46.13% while Institutions and Non-Institutions held 28.00% and 25.62% respectively.
Bajaj Hindusthan, India’s largest sugar firm’s profit for the year will remain unaffected upon payment of dues on account of sugarcane price difference related to sugarcane price (SAP) for the years 2006-07 and 2007-08 as per the direction from the Supreme Court of India. There will be no impact because the company has already made necessary provision for entire liability on account of sugarcane price difference. The aggregate outstanding principal amount of SAP payable by the company for both the aforesaid crushing seasons is Rs 224.5 crore.
The company had contested cases against the State of UP before the High Court of Allahabad, in which the judgment was announced in favour of the company. The State of UP had preferred appeals against the said order of the High Court before the Supreme Court, wherein the Supreme Court had directed the company (as well as other sugar companies represented inter alia by the Association) by way of Interim Order to pay a price lower than the SAP till further Orders.
It has been directed by the Supreme Court to pay the balance outstanding principal amount for the crushing seasons of the years 2006-07 and 2007-08 within 3 months from the date of judgment. In case the payment is not made within 3 months interest at the rate of 18% shall be payable for the delayed period.
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 39.31 |
| Bajaj Hindusthan Sug | 30.78 |
| Balrampur Chini Mill | 514.90 |
| Triveni Engg. & Inds | 371.95 |
| Dalmia Bharat Sugar | 398.25 |
| View more.. | |
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