Why Did Bajaj Consumer Care Crash by 12% Today?
India, July 14 -- The share of this company, which is a leading Indian FMCG company specializing in hair, skin, and personal care products came under pressure after managment shared their future outlook.
With a market capitalization of Rs 7,693 crore, Bajaj Consumer Care Ltd's share on Tuesday made a day low of Rs 580.05 per share, down by 12.1 percent from its previous day's close price of Rs 660.15 per share. The share of the company gave a return of 150 percent over the last year.
Factors that may have weighed on the stock
Naveen Pandey, Managing Director of Bajaj Consumer Care, said the company expects growth to moderate over time as the current pace is not sustainable. He added that the company remains focused on managing higher in...
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