The stock market witnessed significant volatility on Thursday. While the Sensex and Nifty showed a strong surge at the opening of trading. (Image X @WarriorNight007)
Mumbai: The stock market witnessed significant volatility on Thursday. While the Sensex and Nifty showed a strong surge at the opening of trading, the initial momentum slowed down by the time the market closed. However, both indices closed in the green zone after three consecutive days of decline. Meanwhile, one company from the Bajaj Group created a stir throughout the day, hitting a 20% upper circuit.
Investors who had invested in Bajaj Consumer Care Limited, a company of the Bajaj Group, had a great day on Thursday. The stock saw such strong buying that it hit a 20% upper circuit on the BSE. Bajaj Consumer Care shares opened at Rs 270, a sharp jump from its previous day's closing price of Rs 248.25, and then quickly hit the upper circuit, closing at Rs 296.90.
This sudden and rapid surge in the share price also impacted the company's market capitalization. The company's market cap jumped to Rs 3860 crore. It's worth noting that Thursday's closing price is close to the stock's 52-week high of Rs 310. The 52-week low is Rs 151.
The reasons behind the sudden surge in this Bajaj Group share are the excellent December quarter results released by the company. The FMCG company reported in its results for the quarter ended December 31, 2025, that its Profit After Tax (PAT) increased by 83.2% to ₹46.37 crore, compared to ₹25.31 crore in the same quarter of the previous year.
Bajaj Consumer Care stated that its volume market share is currently at its lifetime high level in the last eight quarters. Looking at the quarterly results, EBITDA registered a 109.5% increase in the December quarter, rising to ₹56.9 crore from ₹27.2 crore in the third quarter of the previous year.
In a statement released after the quarterly results, Bajaj Consumer Care said that its domestic business growth was driven by double-digit growth in sales of its flagship product, Bajaj Almond Drops Hair Oil (ADHO). Sales growth for products in the Non-ADHO portfolio remained in single digits.
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