Bajaj Auto fell 1.28% to Rs 1,917.90 at 10:30 IST on BSE after the company reported 6% decline in total vehicle sales to 3.13 lakh units in February 2014 over February 2013.
The company made the announcement during trading hours today, 3 March 2014.
Meanwhile, the BSE Sensex was down 3.57 points, or 0.02%, to 21,116.55.
On BSE, so far 6,164 shares were traded in the counter, compared with an average volume of 31,204 shares in the past one quarter.
The stock hit a high of Rs 1,951 and a low of Rs 1,914.55 so far during the day. The stock hit a 52-week high of Rs 2,193.85 on 17 October 2013. The stock hit a 52-week low of Rs 1,657.50 on 4 April 2013.
The stock had underperformed the market over the past one month till 28 February 2014, sliding 0.12% compared with the Sensex's 2.11% rise. The scrip had also underperformed the market in past one quarter, falling 0.43% as against Sensex's 2.85% rise.
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The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Bajaj Auto's total motorcycle sales fell 6% to 2.73 lakh units in February 2014 over February 2013. Total commercial vehicles sales fell 3% to 39,971 units in February 2014 over February 2013.
However, exports rose 5% to 1.42 lakh units in February 2014 over February 2013. The company said that it was highest ever export figure for any February.
Bajaj Auto's net profit rose 10.5% to Rs 904.55 crore on 4.7% fall in total income to Rs 5353.08 crore in Q3 December 2013 over Q3 December 2012.
Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.
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