Bajaj Consumer Care shares plunge 11% despite Q1 profit

Bajaj Consumer Care shares plunged 11% to ₹ 589.50 on the National Stock Exchange during Tuesday transactions. The massive sell off occurred despite the company reporting an 84% year-on-year jump in consolidated net profit to ₹70.7 crore for the first quarter, driven down by intense broader market volatility and institutional profit booking.