News number 1: "Bajaj Auto Ltd has announced the following Unaudited Standalone results for the quarter ended June 30, 2015
The Company has posted a net profit after tax of Rs. 10148.00 million for the quarter ended June 30, 2015 as compared to Rs. 7399.80 million for the quarter ended June 30, 2014. Total Income has increased from Rs. 54716.80 million for the quarter ended June 30, 2014 to Rs. 60503.00 million for the quarter ended June 30, 2015."
News number 2: "Bajaj Holdings & Investment Ltd has announced the following results for the quarter ended June 30, 2015
The Unaudited Standalone results for the Quarter ended June 30, 2015:
The Company has posted a net profit of Rs. 1230.80 million for the quarter ended June 30, 2015 as compared to Rs. 1476.10 million for the quarter ended June 30, 2014. Total Income has decreased from Rs. 1693.00 million for the quarter ended June 30, 2014 to Rs. 1633.10 million for the quarter ended June 30, 2015."
These were released on 23rd July. People would have expected Bajaj Auto scrip to flare up in comparison to Bajaj Holdings. But what really happened was Bajaj Auto responded by crashing 5.02% to Rs.2487.75 and Bajaj Holdings shot up by 2.92% to Rs.1425.65.
Such are the odd ways of the stock market. Of course, there are always explanations flowing liberally. Bajaj Auto disappointed the market's expectations and the other company beat the expectations by a mile. Irrational expectations and unreasonable prices have become standard market behaviour.
The Company has posted a net profit after tax of Rs. 10148.00 million for the quarter ended June 30, 2015 as compared to Rs. 7399.80 million for the quarter ended June 30, 2014. Total Income has increased from Rs. 54716.80 million for the quarter ended June 30, 2014 to Rs. 60503.00 million for the quarter ended June 30, 2015."
News number 2: "Bajaj Holdings & Investment Ltd has announced the following results for the quarter ended June 30, 2015
The Unaudited Standalone results for the Quarter ended June 30, 2015:
The Company has posted a net profit of Rs. 1230.80 million for the quarter ended June 30, 2015 as compared to Rs. 1476.10 million for the quarter ended June 30, 2014. Total Income has decreased from Rs. 1693.00 million for the quarter ended June 30, 2014 to Rs. 1633.10 million for the quarter ended June 30, 2015."
These were released on 23rd July. People would have expected Bajaj Auto scrip to flare up in comparison to Bajaj Holdings. But what really happened was Bajaj Auto responded by crashing 5.02% to Rs.2487.75 and Bajaj Holdings shot up by 2.92% to Rs.1425.65.
Such are the odd ways of the stock market. Of course, there are always explanations flowing liberally. Bajaj Auto disappointed the market's expectations and the other company beat the expectations by a mile. Irrational expectations and unreasonable prices have become standard market behaviour.
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