Improving outlook, low valuation drive Bajaj Consumer Care rally

Shares of hair and skin care products maker Bajaj Consumer Care have risen over 26 per cent since the end of January on the back of improved growth visibility and inexpensive valuation. Reduction in promoter pledge holding, as well as interest from large high networth individuals (HNIs) have added to the optimism. The December 2020 quarter (Q3) results of Bajaj Consumer, which sells hair oils (Bajaj Almond Drops, Bajaj Amla, Bajaj Brahmi Amla among others) and skin care products (Bajaj Nomarks), surpassed the Street’s expectation on all parameters. Revenue rose to Rs 24.....

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