CMP: 105

Bajaj Corp Ltd. develops and manufactures a wide range of hair care products. The Company offers a wide range of hair oils for different hair types.

Bajaj Corp is a budding mid-cap stock in the personal care consumer industry. Its currently trading at a P/E of 15 with good dividend yields of close to 2% in the last 12 months. Minimal liability and good Cash & Cash equivalents makes it a safe buy. Bajaj Corp has just been listed in secondary market since a year back. Since then, their revenues have been steady and grown from 81 Crores to 107 Crores per quarter in the last 5 quarters. Profits have picked up faster and consistently from 15 Crores to 29 Crores over the last 5 quarters. NPM has raced to 27% from 18% in just over a year. Buy, accumulate on dips and hold for long term gains.