Bajaj Consumer Care (Formerly Bajaj corp limited)

This is one of the stock I was tracking for long time, my thesis was bit different and related to mostly oil price play. Details here : Be light, get light oil : Bajaj Consumer Care – by SKY01

Of course there are other factors in play as some of you have pointed regarding the management and overhanging thread of their insolvent subsidiaries. But by tracking it over last 2 years, I see there are quiet a lot improvement in the stock story.
Tracking gist of quarterly result here – Comments – Be light, get light oil : Bajaj Consumer Care (you can see the improvement quarter by quarter)

Now the recovery in rural demand (already demonstrated by larger peers like ITC, Dabur and Marico) can create upsurge in the profitability metrics of this company.

I might be wrong in my thesis, but even in terms of risk reward, it looks highly favourable for turnaround bet. Let’s see how the thesis play out.

Disclosure:

1. Invested one tenth of my portfolio, spreading over last one year.
2. Discussed this on my blog last year.